This comes from the North County Times:

Axelrod said Hoyer gave him no guarantees the deal isn't a sign-and-trade, but he believes that isn't the case. Sources said the Milwaukee Brewers and Tampa Bay Rays both showed interest in trading for Correia, had the Padres not signed him.

Correia signed a one-year deal last night, worth $3.6M. He's a 29-year-old righty who had a career best season in 2009 in large part due to the Padres park. He posted a 4.2 xFIP, which eclipses his previous career best by about 0.2 runs per nine. It's unknown what role Correia would've been used in -- although throughout his career he has appeared in 203 games, with 79 coming as a starter and he's pitched better as a starter lately, albeit in a much larger sample size than his work from the pen - or the interest level that remains.

An acquisition of Correia would solidify the Rays monopsony on arbitration eligible swingmen whose names involve the ‘COR' sound, as Correia's phonetic pronunciation is COR-ay-ah. He throws in the low-90s and has a reverse split despite throwing a slider as his secondary pitch, although neither hand has an OPS above .750 against him over the last three years.

More on the idea tomorrow, but don't be shocked if the Rays acquire another reliever - either via trade or free agency - especially in light of the non-tenders.