This is more speculation than rumor, but David O'Brien of the Atlanta Journal-Constitution wonders if the Braves could go after Matt Cain if their Jake Peavy pursuit falls through.
It's an interesting thought, given reports of the Braves' mounting frustration with the Padres. At $13-15MM over the next three years, Cain is incredibly affordable. And I imagine the Braves' primary Peavy trade chips, especially the position players, would appeal to the Giants. Still, when asked last week if Cain is untouchable, Giants GM Brian Sabean replied in the affirmative.
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