The Hornets reduce their payroll by $30 million by trading LaMelo Ball and Josh Green for Naz Reid.
Josh Green for Naz Reid is a clean salary match, allowing them to create a $40.8 million trade exception for Ball.
They also have 12 future first-round picks through 2033.
If they structure the LaMelo Ball/Josh Green for Naz Reid portion of their trade as expected, the Charlotte Hornets will create a $40.7M TPE.
That is the largest TPE in NBA history.
Mechanics on CHA side would be: Green-Reid via salary-matching. Then Ball goes out for "nothing" in terms of salary coming back, creating a $40.7M TPE.
Free agent guard Tre Mann has agreed to a three-year, $24 million deal with the Charlotte Hornets, sources tell ESPN. Hornets officials and Mann's agent Aaron Turner of Verus Sports negotiated terms of the new contract in free agency.
Charlotte Hornets star LaMelo Ball will miss the rest of the season as he undergoes two minor procedures to address ankle and wrist issues, sources tell ESPN. Ball showed toughness, playing through pain in recent weeks, before he and team consulted doctors on best course forward.