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.

It was a great night at Progressive Field for Indians fans last night, as the Tribe thumped the Detroit Tigers 10-3 behind a 5-5 night from Jason Kipnis and a stellar home debut by Ubaldo Jimenez. Jimenez looks dominating when you see him in person as I did last night.

The Indians took a real gamble by sending two #1 picks to Colorado for Jimenez, but so far he looks like the real deal. With Justin Masterson, the Indians now have two front-line starters at the top of the rotation, with a very capable Josh Tomlin as the #3 starter. Then you have an inconsistent but sometimes dominating Fausto Carmona and several young starters like Carlos Carrasco and David Huff.

The offense is also starting to heat up, with young players like Kipnis providing a spark. Kipnis reminds me of a young Lenny Dykstra. The Indians are now within two games of the Tigers after taking the first two games of this series. Shin-Soo Choo should be back soon, and possibly Grady Sizemore as well. They definitely need Choo to come back strong and Sizemore would be a bonus.