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Hornets trade new pick Dwight Powell for negative Brendan Haywood

Charlotte gets cash. sweet sweet cash

Jeremy Brevard-USA TODAY Sports

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.