Braves trade Lowe to the Indians
The Braves have traded Derek Lowe to the Indians in exchange Minor League left-handed pitcher Chris Jones. With this cost-cutting move, the Braves will save $5 million. The Indians have agreed to pay $5 million of the $15 million still owed the 38-year-old pitcher as he enters the final year of his contract. <p>
It’s quite safe to say Lowe did not live up to the expectations the Braves had when they gave him a four-year, $60 million contract in January of 2009. The veteran hurler posted a 4.57 ERA in the 101 starts he made during his three seasons with Atlanta.
Lowe created optimism when he went 5-0 with a 1.17 ERA in his final five starts of the 2010 season. But after being named the Braves’ Opening Day starter for the third consecutive season this year, he posted a 5.05 ERA in 34 starts.
With an additional $5 million to spend the Braves will now have some more flexibility as they attempt to sign a shortstop and potentially upgrade their outfield this winter.
Jones posted a 3.36 ERA in 43 relief appearances for Class A-Advanced Kinston this past season. The 23-year-old southpaw recorded 65 strikeouts in 72 1/3 innings and limited left-handed batters to a .143 (12-for-83) batting average.