Robbie Ray trade: How much will Giants pay after sending pitcher to Padres and why are they covering the cost?

The San Francisco Giants traded Robbie Ray to the San Diego Padres for prospects Miguel Mendez and Joniel Hernandez.

The Giants will pay half of Ray's remaining contract, including half of the $1 million assignment bonus.

Ray is owed a $25 million salary for 2026, the final year of a five-year, $115 million deal.

Ray has a 3.08 ERA this season, best among Padres starters, but advanced metrics project closer to 4.00.

Ray returned from UCL injury to make 32 starts in 2025 and has made 21 starts this season.