Originally posted on Waiting For Next Year  |  Last updated 8/11/12

After designating him for assignment last week, the Cleveland Indians announced Friday that they have released veteran Derek Lowe.

The 39-year-old was just 2-8 with an 8.80 ERA in 12 starts since May 26 after a hot start to the season for the regressing Tribe. The team had 10 days to trade or release him, with no real likelihood existing for him to accept an assignment to AAA Columbus.

The Baltimore Sun’s Dan Connolly reported Thursday that there is a sense Lowe could head to the National League. CBS’ Jon Heyman tweeted that he is willing to start or relieve for a team, which could potentially improve his fairly low value.

Notably, in 2011, the groundball-inducing Lowe also faltered down the stretch for the Atlanta Braves. After starting off the season decently as well, he went 0-5 with an 8.75 ERA in an awful September as the Braves collapsed in the final few weeks.

 [Related: MLB Report: Indians Designate Lowe for Assignment]

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