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July 12, 2014

Hornets complete trade with Cavaliers that sends center Brendan Haywood's salary to Cleveland

LAS VEGAS – With a slight adjustment that didn’t affect the Charlotte Hornets’ intent, the trade agreed to on draft night with the Cleveland Cavaliers was consummated Saturday.

The Hornets sent the draft rights to Stanford forward Dwight Powell, plus center Brendan Haywood, to the Cavaliers for guard Scotty Hopson. The Hornets also said in a news release they received an undisclosed amount of cash from the Cavs.

It seems unlikely Hopson will ever play for the Hornets. His $2.45 million salary slot for next season is a team option. The Hornets were looking to rid themselves of the $2 million they owe Haywood for next season.

The original deal had the Hornets acquiring the unguaranteed contract of Alonzo Gee from Cleveland. Gee’s cap number is $3.25 million next season, significantly more than what Haywood makes, so Cleveland instead sent Gee’s contract to the New Orleans Pelicans in a separate trade.

The Hornets acquired Haywood in the summer of 2012, after the Dallas Mavericks waived him under the NBA’s amnesty provision. In a system called “secondary waivers,” the Hornets won a blind auction for picking up a portion of the money the Mavs still owed Haywood.

The Hornets were responsible for $2 million of Haywood’s salary each of three seasons. Haywood missed all of last season with a fractured foot.

The Hornets used a second-round pick (45th overall) to draft Powell on the Cavaliers' behalf.

Posted by Observer Sports on July 12, 2014 at 03:10 PM | Permalink

Comments

2.45 isn't 3.25, but it's not far off. Hopefully we can parlay this isn't another deal. hopson is not a bad ball player at all. don't see the need for him though.


jefferson + neal + hopson + picks for love and martin and whatever other bad contract they want to send us. brewer or buddinger. either way.

Posted by: charlottean | Jul 12, 2014 5:42:37 PM

stephenson and love still completely in play with potentially miami-houston-la-dallas out of mix if houston doesn't match parsons deal. could leave us, boston, indiana. choice would be obvious if we put up 10 a year.

then throw the house at minnesota for love. it's all right there for the taking.

Posted by: charlottean | Jul 12, 2014 6:41:42 PM

what is this obsession about with Love and Stevenson?Me personal I hate free agent cuz they never live up to their contracts except top players. Love is a player on a bad team with inflated stats and Stevenson I know aint going to do jack once he get his money. Just for once can we enjoy what we got and see where we go instead of always trying to sign somebody!

Posted by: dre | Jul 12, 2014 7:33:08 PM

not at all. i'm all about building through the draft. but we've proven over and over and over again that we are incapable of developing draft picks.

and kevin love isn't stat stuffing on bad teams, he's been on a good team the last few years that has had seriously bad luck and plays out west. timberwolves were way better than the bobcats last year, difference was conference and injuries.

stephenson MIGHT be a guy that takes the money and falls off, but I doubt it. he's an uber competitive guy. i don't think money changes that.

you're talking about 2 top flight talents that are sitting there available for the taking. they would present a huge talent upgrade for us without giving up our young guys that matter.

Posted by: charlottean | Jul 12, 2014 7:57:51 PM

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