Jul 28, 2010 5:11 PM EST

Derrek Lee has rejected a proposed trade that would have sent him to the Los Angeles Angels.

Lee made the following statement regarding his decision.

"There may be a time when I'm ready to talk about it, but not now," Lee said.

Ken Rosenthal said despite the proposed deal he has learned that the Angels have pulled back a little bit with their buyer-mentality after falling 8.5 games behind the Texas Rangers.

Via MLB Network