UPDATE (5 P.M.)
The Rays announced that Miller passed his physical and the deal was official. He takes the last open spot on the 40-man roster, and increases the spring camp roster to 54. His signing could push the Rays' opening day payroll to around $42-million.
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The Rays are set to sign lefthanded reliever Trever Miller to a one-year contract with an option for 2009.
Miller, 34, spent 2004-05 with the Rays, going 3-3 with one save in 121 appearances, then the last two seasons with the Astros.
Under terms of the deal, which will become official once Miller passes a physical, he will make $1.6-million this season, and the Rays will have a $2-million option for next year, or a $400,000 buyout.
Miller, who has made his year-round home in Land O'Lakes, was thrilled with the opportunity.
"It's been a blessing to be able to play big-league baseball at home,'' Miller said. "I didn't think it would happen again. Andrew (Friedman) gave us a call at the end of the season and we met with him, the process took longer than we wanted it to, they had to sign a few other guys so we had to wait for that to transpire, and we were rewarded for our patience.''
Miller compiled a 4.86 ERA in 78 appearances last season for the Astros, holding lefthanded hitters to a .209 average.
Miller is often used for brief, sometimes one batter, appearances, In nine major-league seasons, Miller has pitched in 451 games (379 innings) with a 12-14 record and eight saves.
He said he is excellent shape and hopes for the opportunity for more work.
"I'm not one-dimensional, and I have never have been, but you get labeled when you do something well,'' Miller said. "I'd like to be used in that role and more. I think I can get righthanders out too. Hopefully they'll give me an opportunity and I'll run with it.''