Hornets acquire veteran guard Dennis Schröder, cash in trade sending Tre Mann to Cavs

Roderick Boone, The Charlotte Observer on Aug 14, 2026

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CHARLOTTE, N.C. — Dennis Schröder and Jeff Peterson are reunited, and Tre Mann is gone.

The Charlotte Hornets acquired Schröder and cash considerations from the Cleveland Cavaliers for Tre Mann, league sources confirmed to the Charlotte Observer on Friday. The move brings Schröder back together with Peterson, the Hornets’ president of basketball operations.

Schröder and Peterson are familiar from their days together in Atlanta with the Hawks and their tenure in Brooklyn — Peterson’s previous employer before landing the job as Charlotte’s chief personnel decision maker.

With LaMelo Ball off to Minnesota and Coby White stepping into the starting point guard role, the Hornets had a serious need at backup and Schröder solves that problem. Sion James was given an opportunity to show he can be a ball-handler during Las Vegas Summer League action, but struggled somewhat in the role.

So, those duties would have landed squarely on the shoulders of Mann or perhaps even rookie Christian Anderson if the Hornets didn’t scour the market for some reinforcement at the position. Schröder is set to earn $14.8 million this season and his three-year deal concludes in 2027-28 when he’ll pocket $15.5 million.

Schröder, a 13-year veteran who’s suited up for 11 teams, averaged 10.8 points, 4.9 assists, and 2.7 rebounds per game in 70 total appearances with the Cavaliers this past season. The Hornets will lean on his veteran experience to lead the second unit.

Mann fell out of the rotation of coach Charles Lee early in the season and never really got another opportunity to become a key reserve off the bench. During exit interviews in April, he blamed himself for some of the Hornets’ struggles and fully believed they could have been a better team “if I was Tre Mann this year.”

Mann, who’s scheduled to earn $8 million in 2026-27 in the final season of a three-year deal, appeared in 53 games and posted 5.5 points, 1.7 rebounds and 1.6 assists per game. All were below his career averages, and now he’ll get the chance to see if he can regain his touch in Cleveland.