New Delhi, Aug. 15 -- In a transaction aimed at creating salary-cap room and roster flexibility, the Cleveland Cavaliers have agreed to send veteran point guard Dennis Schroder and cash considerations to the Charlotte Hornets in exchange for guard Tre Mann, according to ESPN.

Dennis Schroder will arrive in Charlotte as a proven point guard with more than a decade of NBA experience. He shares past ties with Hornets president Jeff Peterson and head coach Charles Lee from his early years in Atlanta. Those connections helped smooth talks that stretched over the past couple of months.

Representatives from the Hornets, the Cavaliers, and Schroder's agent Mark Bartelstein of Priority Sports worked through the details. The deal gives Cleveland ...