Mike Lowell signs a four-year, $32 million deal with the Marlins. The All-Star third baseman’s contract, however, reverts to a one-year deal with a player option for 2005 if the teams fail to secure financing for a new ballpark by November 1, 2004.

Uncertain of re-signing starter Kevin Millwood, the Philadelphia Phillies trade reliever Carlos Silva, infielder Nick Punto, and pitcher Danny Mota to the Minnesota Twins for starter Eric Milton. Milton, who missed most of last season after knee surgery, will join the starting rotation which will includes Randy Wolf, Vicente Padilla and Brett Myers.