India, Aug. 4 -- The San Francisco Giants remained active ahead of the MLB trade deadline by reportedly parting ways with veteran left-hander Robbie Ray in a deal with National League West rival the San Diego Padres, according to ESPN.

Ray had been widely viewed as one of the Giants' most likely trade candidates leading up to Monday's deadline.

Reports indicate that San Diego is expected to send prospects Miguel Mendez and Joniel Hernandez to San Francisco as part of the return package.

Financial terms are also a notable part of the agreement. MLB insider Dennis Lin reported that the Giants will continue to cover a significant portion of Ray's remaining contract obligations after the trade.

"The Giants will take half the money owed to...