Speaker 1: The Charlotte Hornets and Cleveland Cavaliers have completed a late
Speaker 1: summer NBA trade, sending veteran point guard Dennis Schroeder and
Speaker 1: cash considerations to Charlotte in exchange for guard Tray Man.
Speaker 1: On the surface, it looks like a simple swap of
Speaker 1: backcourt role players, but the transaction is driven by salary,
Speaker 1: cap strategy and roster construction. For Cleveland, the deal centers
Speaker 1: on cap management. Swapping Schroeder's fourteen point eight million dollar
Speaker 1: salary for Man's eight million dollar contract creates roughly six
Speaker 1: point eight million dollars in immediate cap relief. This moves
Speaker 1: the Cavaliers twenty nine point seven million dollars below the
Speaker 1: first Luxury tax apron and over forty two million dollars
Speaker 1: below the second apron. The added breathing room allows Cleveland
Speaker 1: to pursue a multi year deal for free agent guard
Speaker 1: James Harden without triggering restrictive second apron penalties. It also
Speaker 1: preserves financial flexibility to explore potential sign and trade targets
Speaker 1: on the wing, including Peyton Watson and Jonathan Kaminga. In return,
Speaker 1: the Cavaliers take a low risk flyer on twenty five
Speaker 1: year old tray Man to add depth to their rotation.
Speaker 1: For Charlotte, acquiring Schroeder fills a specific roster need following
Speaker 1: the off season trade of Lamello Ball, the Hornets were
Speaker 1: thin at point guard behind starter Kobe White. Schroeder provides
Speaker 1: an established, battle tested ballhandler who can direct the second
Speaker 1: unit while rookie Christian Anderson Junior continues to develop. The
Speaker 1: move also brings familiar connections. Hornet's president Jeff Peterson and
Speaker 1: head coach Charles Lee previously worked with Schroeder during his
Speaker 1: early career years with the Atlanta Hawks, and Peterson crossed
Speaker 1: paths with him again in Brooklyn. Charlotte will mark the
Speaker 1: twelfth NBA franchise of Schroeder's fourteen year career, leaving him
Speaker 1: one team shy of Ish Smith's all time league record. Ultimately,
Speaker 1: the trade delivers crucial financial space for Cleveland to maintain
Speaker 1: its Eastern Conference contention while supplying Charlotte with much needed
Speaker 1: veteran leadership in the backcourt.