Sports News Report
League: NBASport: BasketballCountry: United StatesCategory: Trades

Cavs send Hornets $4 million for taking on Dennis Schroder contract

Yahoo Sports • 1 min read • Latest: Aug 15, 2026, 12:26 AM

Last updated Aug 15, 2026

Cavs send Hornets $4 million for taking on Dennis Schroder contract
Summary

The Cleveland Cavaliers have sent approximately $4 million to the Charlotte Hornets as an incentive to take on Dennis Schroder's contract. This transaction allows the Cavaliers to avoid giving up draft capital while negotiating the deal. The move reflects the Cavaliers' strategy in managing their roster and financial commitments as they prepare for the upcoming season.

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Yahoo Sports
Key Details
  • •Cavs sent roughly $4 million to Hornets
  • •Incentive for Hornets to take on Schroder's contract
  • •Cavs avoided including draft assets in deal
  • •Transaction reflects Cavs' financial strategy
Latest Updates
  • 12:26 AMYahoo Sports — Cavs sent Hornets roughly $4 million as incentive for taking on Dennis Schroeder contract
What they're saying
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Cavs sent Hornets roughly $4 million as incentive for taking on Dennis Schroeder contract

Related Teams & Leagues
Charlotte HornetsCleveland CavaliersNBABasketball

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