Rangers' Lowe agrees to $1.7 million contract (Reuters)

(Reuters) ? The American League champion Texas Rangers and reliever Mark Lowe have agreed to a one-year, $1.7 million deal to avoid arbitration, the Major League Baseball team said on Tuesday.

The right-hander, 28, appeared in 52 games out of the bullpen for Texas last season, compiling a 2-3 record and 3.80 earned run average.

He was acquired by Texas in 2010 from Seattle where he spent four-plus seasons.

(Reporting By Gene Cherry in Salvo North Carolina; Editing by Frank Pingue)

Source: http://us.rd.yahoo.com/dailynews/rss/sports/*http%3A//news.yahoo.com/s/nm/20120117/sp_nm/us_baseball_rangers_lowe

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