It's MLB trade season! From the early deals to get things started to the last-minute rush of deadline day activity on Thursday, July 31, this is your one-stop shop for grades and analysis breaking down the details for every trade as they go down.

The 2025 MLB trade deadline is Thursday at 6 p.m. ET. If last year is anything to judge by, Wednesday and Thursday are going to be chaotic, with several teams making last-minute decisions on whether to be buyers, sellers or some hybrid combination of the two.

The Giants, who already traded one of their high-leverage relievers Wednesday, are open to trading a future Hall of Famer after losing five straight games.