"Despite the season, his team's red-and-white color scheme and the signing of Albert Pujols, Arte Moreno should not be confused for Santa Claus.

The owner of the Los Angeles Angels is a capitalist, not Father Christmas. He doesn't spend money on his baseball team that he can't recoup and he wouldn't be able to spend nearly as much had he purchased the Padres.

Moreno can afford to pay Pujols $254 million over 10 years because Fox Sports is paying a reported $3 billion over 20 years to broadcast Angels games. The Padres, meanwhile, are awaiting approval on a Fox deal Jeff Moorad says is worth in the mid-$20 millions per year."