3:41pm: Mark Bowman of MLB.com reports that the Braves are interested in Lowe, but not his price tag. Bowman says the Braves are "keeping tabs on Lowe," but also states that the Braves would be reluctant to even make a larger offer than the three-year, $36MM deal that he rejected from the Mets.
11:44am: Jon Heyman reports the Braves, Phillies, and Red Sox and perhaps the Brewers and Angels are all expressing interest in Derek Lowe. Lowe is still looking for $16MM per year and rejected the Mets offer of 3 years, $36MM, his highest offer to date.
Buster Olney feels Lowe may have missed out on the big money when the Yankees signed A.J. Burnett for 5 years, $82.5MM over him; however, as Heyman points out, Lowe has been far more consistent and durable: "He’s won at least 12 games each of the past seven seasons and thrown at least 199 innings in six of those seven (he threw 182 innings the one year he didn’t reach 199."
Nick Cafardo of the Boston Globe says the Mets are likely to increase their offer.