FOX Sports West's Joe McDonnell reports that the Angels are in "serious negotiations" with Josh Hamilton.
ESPN's Buster Olney adds that the Halos are "positioning themselves for a big strike in the market." So this all seems pretty legit. Hamilton has also drawn serious interest in recent weeks from the Red Sox and Mariners, and the Rangers are known to want to re-sign him. But the Angels have deep pockets and probably have a desire to steal some offseason thunder from the Dodgers.
Worst case scenario really playing out for the Mariners with this move.