"If Cliff Lee ends-up on the Angels, I'm gonna be p*ssed."
There's no way they will. All it would take is for the Mariners to block the waiver claim, and nothing will happen. The reason I say this is that while the Phillies could just let whomever claims Lee have him and free up cap space, and Dave Cameron thinks that the Phillies would do just that, but I disagree.
Yeah, he's almost 34, yeah he's owed a lot, but Cliff Lee is still a moveable part that could return quite a good haul in the off season. The Phils might have to eat some of that contract in this case, but they'd get something back that helps retool them for another run. They also could try to negotiate a trade if a team does claim him, or if Lee clears waivers, trade him then. Regardless, I don't think the Phillies are willing to just let Cliff Lee go, even with the money freed up.
But even if they did, 110 million is a lot for Cliff Lee to be paid for the remainder of his contract, but the Mariners have had him before, and if they think they're getting closer to contention, having a piece like Lee all the way through 2016 wouldn't be a terrible idea. I mean, who wouldn't want three years of a solid Cliff Lee?