I don't think the Yankees want to make another long-term commitment for a pitcher. They'd like to bring in Andy Pettitte or (if that doesn't work out) Ben Sheets on a short contract. But after investing $243 million in two guys, I don't think they want to spend $60 million more on Lowe.
I'm not sure how Lowe's market is going to shake out. The Red Sox would only be interested if he comes cheap, the Phillies just spent $30 million on Raul Ibanez today, and the Dodgers don't expect to bring him back.
Everybody thought the Braves were the likeliest fit, but they're not interested.
To me, that leaves the Mets as the best fit for Lowe. But I don't think he's going to sign for anything close to what Burnett received.