Free agent Derek Lowe agreed to terms on a four-year contract with the Braves.
A Major League source confirmed on Tuesday that Lowe and the Braves has agreed on a four-year, $60 million offer. The deal will be finalized when the 35-year-old right-hander travels to Atlanta for a physical that will likely be performed this week.
In terms of dollars and magnitude, it's the biggest free-agent pitching acquisition for the Braves since Greg Maddux signed a five-year, $28 million contract with Atlanta after the 1992 season.
Lowe, 35, has a career 126-107 record in 12 seasons with Seattle, the Red Sox, and the Los Angeles Dodgers. Lowe, who joined the Dodgers as a free agent following the 2004 season, was 14-11 with a 3.24 ERA last season.
He was also reportedly coveted by the New York Mets, but he recently turned down their three-year, $36 million offer.
Lowe joins a potentially strong, revamped rotation that includes Jair Jurrjens, coming off a 13-win rookie season, and offseason additions Javier Vazquez and Kenshin Kawakami.
The agreement with Lowe came six days after iconic Braves pitcher John Smoltz's stunning decision to sign with the Boston Red Sox.