The Mets are apparently in serious negotiations with Derek Lowe. This would seem to be another feather in the hat of New York in the general competition vs. Boston sports clubs. (In reality, the superior [check that - far superior] success of New England sports in embarrassing to New York City. Even the Bruins are very good this year!)
Lowe is a solid pitcher known for strong outings when they count most. The Red Sox had him in his younger years and the news was that there was mutual interest there; however, the Mets seem to be challenging that interest.
If this deal is complete, the Mets will surely not bother signing Oliver Perez. The market for Perez is probably dwindling because teams lack the confidence in his ability to pitch well consistently. The other cause to his depleting value is no interest by the Yankees. That alone seems to inflate value by a good $10 million for a pitcher of Perez's caliber.
Notes: The Yankees may still go after a legitimate player. There have been rumors that the Yankees are pulling back the 1 year $10 million offer that was a great deal for Pettitte to begin with. He apparently wants something closer to $16 million - an insane figure. If Pettitte wants to pitch next year - he is an idiot if he doesn't take the Yankee deal before they realize that Ben Sheets may come at a similar price!
Yaros
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