The Los Angeles Angels were desperate for a closer in the best year they've had since acquiring Albert Pujols and the San Diego Padres had a spare closer lying around whom they didn't need, but the amount of talent heading to San Diego in exchange for Huston Street is baffling.
The Angels seem to have paid for name value or the Proven Closer™ tag rather than for production; Street hasn't been worth more than 1.0 fWAR -- a metric that derives a pitcher's WAR using FIP -- in any season since 2009, coincidentally the last time he reached 60 innings in one year.
Street is a good fit for the Angels' park -- a fly-ball pitcher who throws a ton of strikes -- and wasn't just a Petco Park fabrication, but he's also not going to strand every runner he lets reach base indefinitely. There are only a few right-handed relievers in the American League working with a below-average fastball, like Street has, and only one of them, Koji Uehara, is a successful closer. Street is probably worth half a win on paper to the Angels, more than that in the standings because of the high-leverage work he'll get and who he's replacing, but I don't foresee him adding enough W's in the standings to justify all they gave up to get him.
I said on Twitter that I wouldn't have dealt shortstop prospect Jose Rondon straight-up for two-plus months of Street's services, so I certainly don't like the total price for the Angels in this trade -- and love it for San Diego.