UPDATE(7/29): Mark Teixeira is indeed an Angel. Casey Kotchman is reportedly involved in the deal, heading to Atlanta. MLB.com reports that Minor League pitcher Stephen Marek will also go to the Braves. The Braves will have Kotchman under their control through 2011, so I like this deal for them considering the unlikelihood they would be able to retain Teixeira in the offseason. He should be looking for around $20 million per year. As for the Angels, this makes the best team in baseball even better.
(7/22) Is the Braves star first baseman Mark Teixeira going to the Angels for their top prospect, power-hitting third baseman Brandon Wood? That's what we're hearing from a friend "in the know". No word on who else is involved in the deal.
There's been rumors of Tex going to the Angels for weeks, and it makes perfect sense for them. They currently have the best record in baseball, but are 10th in the AL in scoring runs, so he'd immediately provide a big boost to that lineup, likely hitting behind Vladimir Guerrero.
Brandon Wood struggled so far in his limited time with the Angels, but is a premier power prospect, capable of 40 homers in the eyes of many scouts. Where the Braves would play him is up for debate. He's a third baseman/shortstop, with most seeing him at the hot corner for his big league future. I wouldn't be surprised to see Chipper and his aging body moved to the less stressful position of first base.
We'll keep you updated.