Dennis Schroder has been traded to the Charlotte Hornets, remaining in the Eastern Conference but leaving the Cleveland Cavaliers. The move is part of the Cavaliers' ongoing efforts to retool their roster.

Details regarding the specific players or assets involved in the trade were not immediately available, but the transaction signals a continued shift in the Cavaliers' lineup following past roster decisions. Schroder, a veteran point guard, has played for multiple NBA teams throughout his career. His addition to the Hornets provides them with another ball-handler and facilitator. The Cavaliers, meanwhile, will look to use the acquired assets to further shape their team for future seasons.