Official: Yankees Sign Derek Lowe

The Yankees have announced on Monday that they have signed veretan right-hander Derek Lowe to a Major League contract. Lowe was recently released by the Cleveland Indians, and with the recent injury to C.C. Sabathia, the Yankees have decided to pick him up.

Lowe is 8-10 on the year with a 5.52 ERA on the year as a starter. He will be used primarily out of the bullpen as David Phelps will join the rotation. 

 Derek Lowe does have experience out of the bullpen. He was able to notch 85 career saves before moving to the starting rotation.