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Rangers sign veteran Derek Lowe

Updated: March 7, 2013, 2:25 PM ET
By Richard Durrett | ESPNDallas.com

The Texas Rangers have signed veteran right-hander Derek Lowe to a minor league contract with an invitation to major league spring training.

With the club's injury situation and relative lack of depth, Lowe seems likely to make the Rangers as a bullpen piece, though he does have the versatility to start if they decide to give him a shot at the fifth spot in the rotation until Colby Lewis (forearm) returns.

Lowe will make $1.25 million if he's in the majors and could earn more ...

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