Cleveland has been flirting with a sign-and-trade for either Jonathan Kuminga or Peyton Watson, but they needed more cap space to bring one of them (or anyone else of note) in, as well as re-sign James Harden. Which leads us to Friday's news.
The Cavaliers are trading veteran point guard Dennis Schroder to the Hornets for Tre Mann and cash, a deal first reported by ESPN’s Shams Charania.
Charlotte will be Schroeder's 12th NBA team, tied for second most in league history (Ish Smith is at 13). Charlotte's head of basketball operations, Jeff Peterson, has a long history with Schroeder dating back to when both were in Atlanta at the same time.
The Cavaliers free up about $6.8 million in cap space in this deal, reports Keith Smith of Spotrac, putting them approximately $29.6 million below the first apron of the luxury tax (and by extension about $40.3 million below the second apron). That's still not enough room to trade for Watson or Kuminga and re-sign Harden, so either Max Struss' salary will have to go out in any deal, or he would be traded elsewhere (Mann also could be moved again). Cleveland has more options now.
Cleveland has remained in contact with Harden and his camp throughout the summer, Charania notes. Harden opted out of his $42.3 million player option for this season to give the franchise room to chase players like LeBron James (who chose Philadelphia), or make a move for a player like Watson or Kuminga. Harden will re-sign with Cleveland for less per year but more total money across the multi-year contract.
The Hornets moved on from LaMelo Ball this offseason, now have Coby White running the point and were looking for a steady backup for him (Mann was not that guy). Schroeder will step in and be solid, he averaged 10.8 points and 4.9 assists per game last season, splitting time between Sacramento and Cleveland.
Schroeder is a force in FIBA games (under international rules) and has played for the German national team this offseason as it works to qualify for the 2027 World Cup.