3:43pm: Lowe's deal includes an April 30th opt-out clause, and also allows him to leave for an MLB opportunity at any time, tweets Chris Cotillo of MLBDailyDish.com.

12:23pm: The Indians have agreed to sign reliever Mark Lowe to a minor league deal, reports Marc Topkin of the Tampa Bay Times (on Twitter). Lowe had been in camp with the Rays until he was released after learning he would not get an Opening Day roster spot.

Lowe had a tough go of things in a brief stint last year with the Angels, but had put up a 3.60 ERA across 2009-12. And the thirty-year-old righty has posted excellent strikeout tallies in the upper minors. In 10 1/3 spring innings with Tampa, Lowe surrendered only one earned run while striking out 12 and walking just one batter.