[EmpireWF]

The Colorado Rockies have signed free-agent righty pitcher Josh Towers to a one-year deal worth about $400,000 with a mutual option for 2009 worth $3 million. For 2008, his base salary could increase to $1.8 million if he's added to the 25-man roster. There are more potential incentives in his deal should he perform well.

"He went 5-10 with a 5.38 in 25 games for the Blue Jays last season, including 15 starts, explaining why he's available at a clearance-rack price. However, he turns just 31 this month and won 13 games as recently as 2005, making him an interesting flier."

[azrael492]

He has always been a middle of the road pitcher, but I didn't realize he was that old.

[ThePundit]

The price is right, that's for sure...I didn't think players signed for that little, anymore.