According to the LA Times, Manny Ramirez has tested positive for performance-enhancing drugs, and will be suspended 50 games. From the article:
The test result and suspension is expected to be announced later today.
The suspension will cost Ramirez $7.7 million, or roughly 31% of his $25-million salary. Players in violation of baseball's drug policy are not paid during suspensions.
We'll be on the lookout for an official announcement and further confirmation.
(Hat tip to reader Andrew Martin for the news.)