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.”

Twins will not pick up Glen Perkin’s 2018 option

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The Twins have informed reliever Glen Perkins they will not pick up his 2018 club option worth $6.5 million, MLB.com’s Rhett Bollinger reports. Instead, he will be paid $700,000 per his buyout clause.

Perkins, 34, has pitched a total of 7 2/3 innings over the last two seasons due to shoulder and biceps injuries. Bollinger adds that the two could come to terms on a minor league deal, but if they can’t reach an agreement, the lefty is likely to retire.

From 2011-15, Perkins emerged as one of the better relievers in baseball, making three All-Star teams. He compiled an aggregate 2.84 ERA with 340 strikeouts and 73 walks across 313 1/3 innings.