Tony Reagins resigns as Angels GM

Tony Reagins resigned as general manager of the Los Angeles Angels Friday after the team failed to make the playoffs for the second straight season.

"Though we finished 2011 with a winning record, we remainedshort of our objective in winning a championship," Moreno said in a statement. "In moving forward, we felt a change was needed. Throughout his career, Tony has meant a great deal to this organization, and represented the Angels with the utmost loyalty and dedication. He will always remain part of the Angels family."

Reagins took over for Bill Stoneman after the 2007 season. The Angels won the AL West in his first two seasons, losing to Boston in the 2008 division series and the New York Yankees in the 2009 AL championship series.

Despite starting this season with baseball's fourth-highest payroll at $139 million, Los Angeles went 86-76 and finished 10 games behind Texas in the AL West and five behind Tampa Bay in the wild-card race.

The Angels said Reagins will remain with the team as a special assistant to chairman Dennis Kuhl.

Before he became the Angels GM, Reagins spent the previous six seasons as Los Angeles' director of player development under Stoneman, his mentor.

The Angels ended 2011 on a four-game losing streak, including a sweep at the hands of the Rangers to finish out the season.

In four seasons with Reagins at the helm the Angels went 363-285 in the regular season.

Reagins had several successes in his personnel tenure, acquiring starter Dan Haren last year, but his disappointments apparently were more glaring. After missing out on every big-name free agent last winter, he swung a trade for Wells, who batted just .218 with 25 homers while making more than $26 million in his first season with Los Angeles.

Reagins also fired Eddie Bane, his respected director of scouting, last season after an apparent rift developed between the executives. Bane's department produced roughly half of the Angels' current roster, including rookie of the year candidate Mark Trumbo, top prospect Mike Trout and ace Jered Weaver.