"We're probably going to be out," Moreno said before serving as grand marshal of Wednesday night's Newport Beach Christmas Boat Parade. "We're talking to them. The numbers are big. Right now, we haven't been able to … it really gets down to economics."
Moreno said that with Wednesday's signing of outfielder/first baseman Daniel Nava to a one-year, $1.375-million contract, the Angels have pushed their 2016 luxury-tax payroll to within $4 million of the $189-million tax threshold.
Moreno has incurred a luxury tax only once, in 2004, and he has been reluctant to cross the threshold ever since.
"If we had a player that we felt was the right guy, we would probably go through it," Moreno said. "Right now, economically, it doesn't fit. … You really have to look at 2017 and 2018 and beyond.
"When you start looking at seven-year deals, they're tough. You really stretch the franchise out. If there's a mistake or injury and it doesn't work out, it really hinders what you're trying to accomplish."
The ill-fated five-year, $125-million contract the Angels gave to left fielder
That put enough of a drag on the 2016 payroll that the Angels did not make an offer to outfielder
They could still pursue less-costly free-agent outfielders such as
"There are players all the way through the outfield market, not just where your eyes might fixate," General Manager Billy Eppler said. "There are candidates out there that might not be the ones you guys are chatting about, players in both the trade and free-agent markets who can help this club."