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I honestly would not be suprised with a sub-.500 record and 4th place finish for the Angels. Theres just a ton of downside on that roster and unreal amount of smoke-and-mirrors with their 2009 offensive production.
You're talking a team that generously pythaged 92 Ws (including the very flukishly high Rs production) and has already lost 10+Ws this offseason with the departures of Chone Figgins (had a 7 WAR superstar season in '09) and John Lackey.
They are going to need some big FA signings or trade acquisitions, or unseen breakouts from guys like Brandon Wood and Santana to come back to form. They're in even more trouble than it looks like on the surface.