Report: Indians acquire Derek Lowe from Braves

Atlanta Braves starting pitcher Derek Lowe. REUTERS/Tami Chappell (UNITED STATES – Tags: SPORT BASEBALL)

ESPN’s Buster Olney is reporting that the Atlanta Braves have traded Derek Lowe to the Cleveland Indians. WKNR in Cleveland is reporting that the Indians parted with minor-league pitcher Chris Jones.

This is a salary dump by the Braves. Olney reports that the Braves will cover $10 million of Lowe’s 2012 salary of $15 million. So the Indians get an experienced starter for the bargain price of $5 million for next season.

Lowe didn’t have a great 2011 season in Atlanta as he went 9-17 with a 5.05 ERA. He’s also 38 years old. Yet Lowe eats up innings and his stats from 2005-2010 we excellent and then solid. The Indians have a strong pitching staff led by Justin Masterson and Ubaldo Jimenez, with Josh Tomlin and Fausto Carmona as well (the Tribe picked up Carmona’s 2012 option today for $7 million). But injuries have hurt their depth in the rotation, and Lowe gives them an experienced starter to add to the mix.

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Hot Stove League: Someone Light the Pilot

Seriously, will someone please sign a big free agent already? The MLB Winter Meetings begin on Monday in Vegas, and hopefully the baseball big shots will spend more time signing free agents and making trades than they do gambling.

Well, a few things have happened of note this week. The Red Sox signed AL MVP Dustin Pedroia to a new, six-year deal worth $40.5 million. And this for a guy who was making less than $500K per year. But dude has earned every penny…..Javier Vazquez was traded from the White Sox to the Braves for four young (mostly minor league) players, and Ozzie Guillen is probably smiling if he’s reading this….the Padres sent Khalil Greene to St. Louis…..and the Giants signed infielder Edgar Renteria to a two-year, $18.5 million deal and are also talking about making CC Sabathia an offer and even trading for Florida third baseman Jorge Cantu. Yeah, the Giants are not messing around. And Derek Lowe has been offered two deals, one by the Phillies and another by a mystery team

Okay, so I guess some things are happening, but not the big ones we all were waiting for, at least not yet. The Yankees are set to meet with CC Sabathia this weekend to discuss their ridiculously large offer made recently. Here are a few other rumors and possible deals that could happen next week….

The Mets are finally prepared to offer deals to Francisco “K-Rod” Rodriguez and Brian Fuentes, but it remains to be seen if both offers will happen simultaneously. Speaking of Fuentes, he, along with the likes of Sabathia and Cubs closer Kerry Wood have all been offered salary arbitration, which means anyone signing them will have to give the team that loses them two draft picks in 2009. Fuentes is also being rumored to re-signing with Colorado. And the Mets are rumored to be talking to the White Sox about sending prize prospect Fernando Martinez to Chicago for Bobby Jenks and Jermaine Dye. I just don’t see that really happening, do you?

Pat Burrell may sign with the Angels if the Angels cannot retain Mark Teixeira. And if Teixeira goes to the Red Sox, which is more than a rumor, the Sox may deal Mike Lowell to make room for Teixeira, who would be the first baseman with Kevin Youkilis moving to third.

Jermaine Dye’s name is being mentioned in trade talks (besides the Mets), and the teams being mentioned are Cincinnati, St. Louis, Atlanta and Tampa Bay. Meanwhile, the White Sox are also listening to offers for Jim Thome and Paul Konerko. Yikes….did someone give Sox GM Kenny Williams some dynamite?

Randy Johnson is hoping to sign a one-year deal with either Oakland or San Francisco…..the Cubs are thinking about signing Adam Dunn. Those two items didn’t just put you to sleep, did they?

Oh, and here’s a sure sign of the economy slowing. Dunn, Pat Burrell and Bobby Abreu are among the names not offered salary arbitration this past week. That means the D-Backs, Phillies, and Yankees, respectively, would rather piss away two draft picks than have to re-sign the player. Say it with me again, Yikes.

Hopefully we’ll have lots to report next week!

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