During his career Lowe made 681 appearances, starting 377 games.
At the age of 40, he walks away from the game with 176 wins, 57 losses and 86 saves to his name, with a career ERA of 4.03.
Lowe avoided using the word “retire” and believed his career to not be hall of fame worthy.
He said in a statement: “I'm officially no longer going to play the game. It's still enjoyable, but the role I was having wasn't fulfilling."
Lowe made nine relief appearances for the Texas Rangers this year before being designated for assignment in late May. The retirement was first hinted by Nick Cafardo, who claimed Lowe told agent Scott Boras to stop approaching teams in early June.
The right-hander was a significant part of the Boston Red Sox 2004 campaign in which they broke an 86-year championship drought.
The Dearborn, Michigan native allowed only one hit and one walk in over six innings against the New York Yankees in Game 7 of the 2004 ALCS. Lowe was admirably pitching only two days rest.
Lowe spent the majority of his time with the Boston Red Sox Los Angeles Dodgers, and Atlanta Braves. He also spent time with the Mariners, Indians, Yankees and Rangers. He made over $110 million in his career, including a whopping $60 million from his four year deal with the Braves.
Lowe sounded nostalgically grateful of his career.
He said: “I was able to play 17 years on some pretty cool teams and win a World Series. So, everyone's got to stop playing at some point, and this is my time."
Lowe plans to spend more time with his wife, and two kids and going back to rooting for his Detroit Tigers.
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