Bill Baer of Baseball Daily Digest thinks it was pretty damn bad:
I think going from Guerrero to Matsui at DH was an upgrade, and I’m not at all certain that going from Lackey to Piniero will be as much of a falloff as some think, but yeah, I suppose it’s been a rough winter for the Angels. Less so because of what they did themselves and more so because of what the Mariners did.
This doesn’t make them the Mets. But in my mind it makes them more likely to be battling the Red Sox, Rays, and Rangers for the wild card than to be battling the Mariners for the division crown.