Derek Lowe has essentially retired from baseball. The 40-year-old right-hander was released by the Rangers in late May and has not been able to latch on with a new club. "I'm officially no longer going to play the game," Lowe told Tom Pelissero of USA Today. "It's still enjoyable, but the role I was having wasn't fulfilling." Lowe enjoyed a 17-year major league career, posting a decent 4.03 ERA and 1.33 WHIP across 2,671 1/3 total innings. He played for seven different teams.

Ranges released RHP Derek Lowe. Lowe cleared waivers and was granted his unconditional release. The 39-year-old right-hander posted a 9.00 ERA in 13 innings with the Rangers.

Derek Lowe has cleared waivers. Lowe will now either accept an assignment to Triple-A Round Rock or opt to become a free agent. The 39-year-old righty posted a 9.00 ERA in 13 innings with Texas.

Rangers designated RHP Derek Lowe for assignment. The move clears a spot for Monday's starter, Josh Lindblom. Lowe has struggled in a mop-up role this season, posting an ugly 9.00 ERA in 13 innings. The Rangers are paying him $1.25 million in 2013.

Derek Lowe got the win against the Mariners on Saturday, pitching four perfect innings in relief of starter Nick Tepesch. Tepesch left the game in the second inning after being hit by a line drive, forcing Lowe into action. He responded with four perfect innings, striking out one. Lowe now has a 2.35 ERA and 0.78 WHIP on the year, but as a long reliever, he has little fantasy value.

Derek Lowe has won a spot on the Rangers' Opening Day roster. Lowe has a 6.23 ERA in 8 2/3 innings of work this spring, though he has been unscored upon in two out of his three appearances. The veteran right-hander will function as a swingman out of the Rangers' bullpen.

Derek Lowe was rocked for six runs over 3 2/3 innings against the Angels Thursday. He allowed seven hits -- including a whopping four home runs -- to go along with a walk and a strikeout. Lowe went into the start having an outside shot at the fifth spot in the Rangers' rotation, but he can probably be officially pegged as a long reliever now.

Derek Lowe cruised through his Rangers debut on Friday, allowing two hits and a walk over two scoreless innings against the Giants. Lowe was signed on a minor league deal this offseason, but is expected to crack the Opening Day roster as a long reliever provided he doesn't completely fall on his face this spring. His days of fantasy relevance are long over, but his ability to eat innings should provide value to the Rangers.

Rangers signed RHP Derek Lowe to a minor league contract. Even though it's a minor league deal, the Dallas Morning News' Evan Grant writes that Lowe "almost certainly makes the team." It will be as a long reliever, though, as Lowe is not considered a candidate for the No. 5 spot in the rotation. That said, it's certainly possible he could be given a shot if others don't work out.

According to Evan Grant of the Dallas Morning News, the Rangers are nearing a deal with Derek Lowe. It would be a minor league contract but Lowe would be guarnateed a major league roster spot. The 39-year-old right-hander could work as a starter while Colby Lewis (elbow) and Martin Perez (forearm) recover from their respective injuries and then shift to a long relief role. It's a pretty nice fit for both player and team.