The MLB July 31 trade deadline is slightly more than a month away. But expect swaps to start coming hard and fast in the coming weeks, if not days.

With that in mind, let's examine the latest buzz and play fact or fiction with a half-dozen of the hottest rumors and speculation.

We'll aim our focus at top-shelf talent and apply the "fact" or "fiction" label based on inside sources and a healthy dollop of informed speculation.

Fact: The San Francisco Giants Will Trade LHP Will Smith

Will Smith might be the most obvious trade asset on the market.