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5/13/2013 4:43 P.M. ET

Rays sign Wade to Minor League deal

The Rays signed right-handed reliever Cory Wade to a Minor League deal on Monday.

Wade was released from the Cubs last week after posting a 7.88 ERA with Triple-A Iowa.

The 29-year-old has shown inconsistency at the Major League level, posting a 3.65 ERA over four seasons. He had a 6.46 ERA while striking out 38 batters and walking eight in 39 innings with the Yankees last year.

Wade last pitched a week ago, tossing a scoreless two-thirds of an inning to preserve an 8-2 win for Triple-A Durham.

Jason Mastrodonato is a reporter for MLB.com. Follow him on Twitter @jmastrodonato. This story was not subject to the approval of Major League Baseball or its clubs.