Yankees sign veteran right-hander Derek Lowe

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It took Derek Lowe one day to find a new home.

According to beat writer Marc Carig of the Newark Star-Ledger, the Yankees have acquired the free agent right-hander, who was released by the Indians on Friday afternoon after posting a 5.52 ERA, 1.69 WHIP and 41/45 K/BB ratio across 119 innings.

Lowe has agreed to pitch out of the bullpen in New York, though he could be in line for a spot start at some point soon depending on how swiftly left-hander CC Sabathia can recover from his recent elbow issues.

Carig says the Yankees’ decision-makers “still believe that Lowe generates enough grounders to be effective.”

Dodgers designate Sergio Romo for assignment

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The Dodgers announced on Thursday that the club activated pitcher Grant Dayton from the 10-day disabled list and designated pitcher Sergio Romo for assignment.

Dayton, 29, went on the disabled list earlier this month with neck stiffness. He’ll resume with a 3.63 ERA and a 20/12 K/BB ratio in 22 1/3 innings.

Romo, 34, signed a one-year, $3 million deal with the Dodgers in February. It didn’t really work out, as the right-hander posted a 6.12 ERA with a 31/12 K/BB ratio in 25 innings. His peripherals are still decent, so it wouldn’t be surprising if a team in need of a bullpen arm makes a deal with the Dodgers within the week.

Nate Karns underwent season-ending surgery for thoracic outlet syndrome

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MLB.com’s Jeffrey Flanagan reports that Royals pitcher Nate Karns underwent surgery for thoracic outlet syndrome on Wednesday. He’s expected to be ready for spring training next year. Karns went on the disabled list in May with an elbow injury and didn’t make much progress.

The Royals acquired Karns from the Mariners in January in exchange for outfielder Jarrod Dyson. Over eight starts and one relief appearance, the 29-year-old right-hander compiled a 4.17 ERA and a 51/13 K/BB ratio in 45 1/3 innings.

Karns will enter his first of three years of arbitration eligibility after the season, so he’ll be under the Royals’ control through 2020.