The New York Yankees signed veteran pitcher Derek Lowe and added him to the 25-man active roster.

He paid immediate dividends, tossing four shutout innings and picking up his first save since 2001 in the Yankees' 8-2 win over the Rangers on Monday.

The 39-year old Lowe started the 2012 season with Cleveland and went 8-10 with a 5.52 ERA in 21 starts. He was designated for assignment on August 2 and released on August 10.

A two-time American League All-Star (2000, 2002), Lowe owns a career record of 174-156 with 86 saves and a 4.00 ERA in 656 games (377 starts) over 16 seasons with Seattle, Boston, the Los Angeles Dodgers, Atlanta and Cleveland, and the Yankees.

In 23 postseason appearances (12 starts), Lowe is 5-7 with one save and a 3.21 ERA. He won a World Series title with the Boston Red Sox in 2004.

In a corresponding roster move, New York optioned pitcher Ryota Igarashi to Triple-A Scranton/Wilkes-Barre.