The Indians acquired right-hander Derek Lowe from the Atlanta Braves for left-handed minor leaguer Chris Jones. Atlanta will also play $10 million of Lowe's remaining $15 million in the final year of his contract.
Earlier Monday, the Indians declined outfielder Grady Sizemore's $9 million option, making him a free agent, and picked up starter Fausto Carmona's option for next season for $7 million.
The veteran Lowe was 9-17 with a 5.05 ERA for Atlanta last season. For his career, Lowe is 166-146 with a 3.94 ERA. He's one of three active pitchers with more than 160 wins and 80 saves.
Jones, 23, went 7-1 with a 3.36 ERA for high-A Kinston in the Carolina League.
Carmona still would have been under the Indians' control if the option had been declined, but he would have been eligible for salary arbitration. They retain the two remaining club options on Carmona, for 2013 and 2014.
Cutting Sizemore loose further accentuates the need for the team to acquire another bat during the offseason.
The Indians began their offseason by making some changes to manager Manny Acta's coaching staff.
Bench coach Tim Tolman, who has been battling Parkinson's Disease, stepped down and was replaced by first base coach Sandy Alomar Jr. Alomar, whose name has surfaced occasionally for major league managerial jobs, had been the first base coach for the last two years.
Pitching coach Tim Belcher also resigned in order to spend more time with his family. The Indians promoted bullpen coach Scott Radinsky to major league pitching coach. Radinsky had been the bullpen coach for the last two years.
Replacing Alomar as the first base coach is Tom Wiedenbauer, who had been the club's minor league field coordinator. Widenbauer has a history with Acta. Prior to joining the Cleveland organization last year, Wiedenbauer had spent the previous 35 years in the Houston organization as a player, coach, minor league manager and scout, during which time he worked with Acta.
Dave Miller is the new bullpen coach. Miller had been the Indians' minor league pitching coordinator for the last 10 years.
Acta said the decision to stay in-house in the reconfiguration of his staff was important because he wanted the new coaches to be familiar with the organization's personnel.