Albert Pujols, brought to you by Frank McCourt and Kobe Bryant.
With a combination of shrewd business sense and fantastic timing, Angels owner Arte Moreno parlayed an escape clause in his television contract into the billions that enabled his team to sign Pujols and C.J. Wilson on Thursday, for almost twice what Moreno paid to buy the team.
The Angels have agreed to a new deal with Fox Sports worth at least $3 billion and expected to cover 20 years, two parties familiar with the deal said Thursday. The parties declined to be identified because the deal has yet to be officially announced.
Spokesmen for Fox and the Angels declined to comment.
Moreno last year opted out of a 10-year, $500-million contract with Fox, according to sports media consultant and former NBA TV President Ed Desser.
we're in the money!