WEDNESDAY, 1:36pm: ESPN's Jerry Crasnick tweets that Correia declined the Padres' final contract offer and has been told he'll be non-tendered by the Saturday deadline. Does he have no trade value?
MONDAY, 1:20pm: Going a little further, ESPN's Buster Olney says the Padres "are not expected to tender Correia" a contract, "barring a reversal." Commenters below note that trading him makes a lot more sense.
1:03pm: In what would be a sadly cheap move, Ken Rosenthal of FOX Sports says the Padres are likely to non-tender starter Kevin Correia if he doesn't agree to another discounted contract by Saturday's deadline. Correia ended up making $1.1MM this year and provided the Padres with 33 starts and a 3.91 ERA, 6.5 K/9, and 2.9 BB/9. He'll do fine on the open market if the Padres are really this cheap.