Sources: Cavaliers trading Schroder, cash to Hornets for Mann - ESPN

The Cleveland Cavaliers are trading Dennis Schroder and cash to the Charlotte Hornets for Tre Mann, sources told ESPN on Friday.

In Schroder, Charlotte picks up an established veteran at point guard who has history with Hornets president Jeff Peterson and coach Charles Lee from playing in Atlanta at the start of his career.

The Hornets, Cavaliers and Schroder's rep, Mark Bartelstein of Priority Sports, worked for the past couple months on the deal, which also provides Cleveland flexibility to continue pursuing roster moves and tax savings to keep the team well under the second apron, according to ESPN's Bobby Marks.

Swapping out Dennis Schroder for Tre Mann creates savings below the apron for Cleveland.

First apron: $32m below

Second apron: $44m below

The figures do not include a new contract for James Harden.

For now, Cleveland is likely to have the $6.1m tax midlevel exception.

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The Cavaliers remain in constant communication with James Harden and his agents on a new two- or three-year contract to return to Cleveland after a midseason trade for him played a role in the team's run to the Eastern Conference finals.

Cleveland is also pursuing two forwards in the market — restricted free agent Peyton Watson and unrestricted free agent Jonathan Kuminga — which could be aided by the savings from moving Schroder.

Schroder played in 70 total games last season — 40 for Sacramento, 30 for Cleveland — averaging 10.8 points, 4.9 assists and 2.7 rebounds in 24.2 minutes per game.

The veteran ball handler will be joining the 12th franchise of his career after being traded for the ninth time in his career, the second-most times for a single player in NBA history. The well-traveled vet has been remarkably durable over the