Cavaliers trade Dennis Schröder, pursue Peyton Watson in sign-and-trade

The Cleveland Cavaliers have traded Dennis Schröder and cash to the Charlotte Hornets in exchange for Tre Mann. This trade is expected to provide the Cavaliers with the financial flexibility needed to pursue NBA champion Peyton Watson through a sign-and-trade agreement. Watson, currently with the Denver Nuggets, is a key target for Cleveland, which aims to enhance its roster ahead of the next season. With Schröder's contract off the books, the Cavaliers are now viewed as strong contenders to acquire Watson, who is seeking a new contract after not receiving an offer from Denver.

• 8:04 PMYahoo Sports — Cavaliers make major move to potentially get Peyton Watson after trading $117M 13-year veteran