Looking at the Angel's payroll and the production on the field... They could be in serious trouble. Their payroll (according to cots baseball contracts) is nearly 140M this year, is already over 130M for next year, has 96M tied into 5 players for 2015, has 96M tied into 4 players in 2016, will be pressured to extend contracts to Trumbo & Trout, not to mention the issues with the starting rotation and bullpen. I said it not long ago, Pujols is looking old! How many years are left on that contract?
KB, much like your theory of farm system rankings, there is also this perception that if a team has a high payroll, they are expected to win. And not just win, but win in the playoffs. It isn't always true that the highest payroll teams are guaranteed to win (in the playoffs), the Angels & Red Sox from last year are certainly proved that. However, if the Angels continue to lose out to their division rival Athletics, who's payroll is about a third of their own, heads will be rolling in the Angels organization.
So to answer your statement, if I were the Manager or GM of the Angels, I think I would rather be in the Cubs position.