POSTED: Jun 27, 2014 2:18 AM ET
CHARLOTTE, N.C. (AP) — A person familiar with the deal says the Hornets have traded power forward Dwight Powell from Stanford, the 45th pick in the NBA draft, and veteran center Brendan Haywood to the Cavaliers for small forward Alonzo Gee.
The person spoke to The Associated Press on condition of anonymity Friday because the deal has not yet been approved by the NBA.
The Cavaliers will inherit Haywood's $2 million contract on July 1 as part of the salary cap dump.
Haywood, 34, missed all of last season with a stress fracture in his left foot.
The 6-foot-11 Powell averaged 14 points, 4.9 rebounds and 3.1 assists per game and was selected first-team All-Pac 12.
Gee comes to the Hornets after five seasons in the NBA.