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No city spends more money on baseball players than Los Angeles, as the Angels and Dodgers combine to spend $358,468,159 in the 2013 season.
The Angles went out and acquired Josh Hamilton and three new starting pitchers during the offseason, giving the team one of the best trios of hitters in the league on paper (Albert Pujols, Mike Trout and Hamilton). However, Hamilton has been awful and the lowest ERA of the pitchers is a measly 3.43, while the highest is 6.19.
The Angles are 23-28 and are third in the AL West. The team has all the parts to compete for a World Series, but so far the team hasn't been able to go .500.
The other team in LA isn't doing much better.
The Dodgers signed Ryu Hyun-Jin and Zack Greinke over the offseason, but Greinke has been getting shelled (4.38 ERA) and Ryu's 5-2 record is a bit inflated since he receives an average of 5.1 runs of support every game.
The Dodgers are 21-28 and are in dead last in the NL West, and Don Mattingly is sitting on the hot seat.
Both LA teams are struggling, and I wouldn't be surprised to see both managers fired before the season ends.