Cavs Trade Dennis Schroder to Hornets in Classic Spreadsheet Maneuver
Keith Smith reported the exact cap implications, noting Cleveland's new $29.6M cushion under the first apron.
The NBA trade market is officially open, and we are starting with the most thrilling kind of transaction: a salary cap spreadsheet maneuver.
The are sending veteran guard Dennis Schroder to the in exchange for Tre Mann.
According to cap expert Keith Smith, this swap clears about $6.8 million off 's books. That gives the Cavs roughly $29.6 million in breathing room under the dreaded first apron.
Being under the first apron in today's NBA is basically the equivalent of having a clean driving record. It means the league office is not going to impound your draft picks or hit you with luxury tax penalties that cost more than a private island.
On the other side, absorbs that $6.8 million hit. They are still sitting comfortably just shy of $20 million under the luxury tax line, which means they can afford to take on a veteran rental without ownership breaking into a cold sweat.
From a pure basketball standpoint, gets younger in the backcourt with Mann, while gets a seasoned point guard in Schroder to run the offense. But let's be honest, this deal was cooked up in an accounting department.
For anyone looking at 's futures, this is the kind of move that signals a front office gearing up for something else. You do not clear nearly $30 million in apron space just to admire the math. Keep an eye on the Cavs as the deadline approaches.