No. Only one controller can be assigned to a profile. Only that profile has access to it's characters. You can have a 'guest' sign in on a second controller, but they will only have access to level 1 characters and they(you still will) won't save any progress IIRC.
A Jose Canseco bat? Tell me...you didn't pay money for this. http://tinyurl.com/45pdkzf http://oi48.tinypic.com/ip48x1.jpg http://oi40.tinypic.com/8x7i8o.jpg