APRIL 10: Heyman reports that Correia’s deal has an $850K base salary in the Majors as well as up to $800K worth of incentives (Twitter link). Correia also secured two opt-out dates on the contract — the first coming on June 1 and the second coming on July 1.

APRIL 7: The Giants have agreed to a Minor League contract with veteran right-hander (and former Giant) Kevin Correia, reports Jon Heyman of CBS Sports (on Twitter). Longtime Giants scribe Andrew Baggarly first reported that the two sides were nearing a Minors pact (Twitter links). Correia, who had been in camp with the Mariners but was released late in the spring, would head to extended Spring Training to ramp up his pitch count before heading to Triple-A, Baggarly adds.

Correia split the 2014 season between the Twins and Dodgers, struggling to one of the least effective seasons of his big league career. The All Bases Covered Sports Management client served as a durable source of innings for Minnesota in the first season of a two-year, $10MM contract in 2013, but last year he slumped to a 5.44 ERA, averaging just 4.6 strikeouts per nine innings against a solid average of 2.3 walks per nine. His previously above-average ground-ball rate dipped below the league average as well, checking in at 43.2 percent.

The Giants are in need of rotation depth, however, and Correia can provide that. He’ll give San Francisco an option to use as a spot starter or long man in the bullpen down the line. The Giants’ rotation depth has already been compromised by a strained flexor tendon that has landed Matt Cain on the 15-day DL and a minor back issue that has delayed Jake Peavy’s season debut. Chris Heston has already been recalled to make a spot start, while Ryan Vogelsong, who had been re-signed as a reliever, has been asked to step into the rotation in Peavy’s stead. Swingman Yusmeiro Petit, who set a Major League record for consecutive batters retired in 2014, could eventually factor into the rotation mix if injuries persist.

The 34-year-old Correia was a fourth-round pick of the Giants in 2002 and spent parts of the 2003-08 seasons with the Giants, working to a combined 4.59 ERA in 398 innings between the rotation and bullpen.