Hornets trade new pick Dwight Powell for negative Brendan Haywood

Jeremy Brevard-USA TODAY Sports

Charlotte gets cash. sweet sweet cash

The Hornets, having just drafted Stanford center Dwight Powell at No. 45 overall, picked on behalf of the Cleveland Cavaliers, most likely, due to a deal with the Cleveland Cavaliers.

Rick Bonnell reports that the Cavs will take on Haywood's contract to get Powell. Basically, the Hornets traded a second round pick to not have Brendan Haywood's contract, which was about $2.2 million next year. The following season was a team option for $10.5 million (lol).

So the Hornets traded it for cash to avoid the contract obligation this year. Fair enough, I suppose.

Haywood did not play last year.

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