The Cleveland Cavaliers are trading Dennis Schroder and cash to the Charlotte Hornets in exchange for Tre Mann, according to ESPN.

Charlotte adds an experienced point guard who already has connections with Hornets president Jeff Peterson and head coach Charles Lee from Schroder’s early years with the Atlanta Hawks.

The Hornets, Cavaliers and Schroder’s representative, Mark Bartelstein of Priority Sports, reportedly spent the past couple of months working toward the trade.

For Cleveland, acquiring Mann also creates additional flexibility for future roster moves while providing tax savings that should help the Cavaliers remain comfortably below the second apron.