Giants outfielder Melky Cabrera is facing a 50-game suspension for PED use. (Getty Images)

Giants outfielder Melky Cabrera has been suspended for 50 games without pay after testing positive for testosterone.

Here's the full statement from the commissioner's office:

The Office of the Commissioner of Baseball announced today that San Francisco Giants outfielder Melky Cabrera has received a 50-game suspension without pay after testing positive for Testosterone, a performance-enhancing substance in violation of Major League Baseball's Joint Drug Prevention and Treatment Program.

The suspension of Cabrera is effective immediately.

As for Cabrera, he's released the following statement:

"My positive test was the result of my use of a substance I should not have used. I accept my suspension under the Joint Drug Program and will try to move on with my life. I am deeply sorry for my mistake and I apologize to my teammates, to the San Francisco Giant organization, and to the fans for letting them down."

And here's what the Giants had to say:

"We were extremely disappointed to learn of the suspension of Melky Cabrera for violating Major League Baseball's Joint Drug Prevention & Treatment Program. We fully support Major League Baseball's policy and its efforts to eliminate performance enhancing drugs from our game. Per the protocol outline by Major League Baseball's Collective Bargaining Agreement, the Giants will not comment further on this matter."
More "Melky-Gate"

Since there's just 45 games left of the Giants' schedule, Cabrera will miss the rest of the regular season. However, Andrew Baggarly reports that Cabrera will be eligible for at least part of the playoffs (provided, of course, the Cabrera-less Giants make it that far).

Cabrera has obviously been crucial to the Giants' success in 2012. Besides being named MVP of the All-Star Game, the 27-year-old is batting a hefty .346/.390/.516 on the season. Cabrera also leads the majors in hits and the NL in runs scored.

Needless to say, the loss of Cabrera will have serious bearing on the NL West race. Presently, the Giants and Dodgers are tied atop the division and each is one-half game off the wild-card pace.

Taking the long view, it'll certainly be interesting to see how the market treats Cabrera, who's eligible for free agency this coming off-season.

We'd also be remiss not to mention that perhaps it's Cabrera who needs to apologize to Andrew Baggarly and not the other way around.

For more baseball news, rumors and analysis, follow @EyeOnBaseball on Twitter, subscribe to the RSS feed and "like" us on Facebook.