The Yankees officially announce the Derek Lowe signing

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We wrote about this on Saturday, but the Yankees officially announced it earlier this afternoon:

The New York Yankees today announced they have signed right-handed pitcher Derek Lowe to a Major League contract and selected him to the 25-man active roster. Lowe is scheduled to join the team tonight and is expected to pitch out of the bullpen.

So, no, you didn’t come across that news in a fever dream, a demented state or a peyote haze. It actually happened.

The Rangers come to the Bronx tonight. Tune in to see how Derek Lowe’s first relief work in five years goes.

Reds ink Oliver Perez to a minor-league deal

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The Reds have signed free agent reliever Oliver Perez to a minor-league contract, the team announced Saturday. The deal comes with a major-league invite and could be worth $1.25 million if Perez secures a roster spot this spring, with an additional $500,000 in potential performance bonuses.

Perez, 36, is coming off of a two-year run with the Nationals. He produced a 4.64 ERA, 3.3 BB/9 an d10.6 SO/9 through 50 relief appearances and 33 innings with the club in 2017. The veteran lefty hasn’t kept an ERA under 4.00 in at least four seasons, but he continues to be undeniably solid against left-handed batters, holding them to a .227/.301/.364 batting line over 18 1/3 innings last year.

While returning southpaw Wandy Peralta appears to have locked down a bullpen spot already, Perez will still compete for another role against fellow left-handers Cody Reed and Amir Garrett, both of whom also have experience in the rotation. If Perez doesn’t break camp with the team, MLB.com’s Mark Sheldon notes, he’ll be permitted to opt out of his contract. The Reds are currently looking to bounce back from a dismal performance in 2017, one in which their bullpen ranked 28th among major league teams with a collective 5.63 ERA and -1.2 fWAR.