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Yankees Sign Derek Lowe

CLEVELAND, OH - JULY 20: Starting pitcher Derek Lowe #26 of the Cleveland Indians pitches during the first inning against the Baltimore Orioles at Progressive Field on July 20, 2012 in Cleveland, Ohio. (Photo by Jason Miller/Getty Images)
CLEVELAND, OH - JULY 20: Starting pitcher Derek Lowe #26 of the Cleveland Indians pitches during the first inning against the Baltimore Orioles at Progressive Field on July 20, 2012 in Cleveland, Ohio. (Photo by Jason Miller/Getty Images)
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The New York Yankees have signed free agent right-handed starting pitcher Derek Lowe to a contract, according to Marc Carig of The Star-Ledger. The Cleveland Indians had just released the veteran and was garnering minimal interest from teams.

With ace pitcher CC Sabathia going on the disabled list, the Yankees needed to find another arm. Lowe will not be starting, according to Marc Carig of The Star-Ledger , instead it will be right-handed pitcher David Phelps making the move from bullpen to rotation.

Lowe is certainly a curious choice for the Yankees, but he will likely only cause the team to pay the pro-rated amount of the yearly minimum salary. If Lowe can't induce the groundballs and proves to be ineffective, the team can cut ties with the 39-year-old.