Lowe, 39, is expected to head for the Yankees’ bullpen and will be available tonight for a game against the Texas Rangers. Lowe started the season with the Cleveland Indians, but went 8-10 with a 5.52 ERA over 21 starts and was designated for assignment Friday.
He is expected to help the Yankees fill the void created when C.C. Sabathia went on the disabled list with elbow inflammation. He is expected to return Aug. 24.
Lowe, a star with the 2004 Boston Red Sox team that won the World Series, is one of only three major-league pitchers with at least 160 victories and 80 saves. His last relief appearance was in 2007 with the Los Angeles Dodgers.