David Wesley will be waived by the Hornets once Cedric Simmons has completed his physical and the trade has been finalized. The veteran guard, whose contract is not fully guaranteed, was not expected to play for the Cavaliers this season.

"This trade will help us in a number of areas heading into training camp," said General Manager Jeff Bower . "We will be able to focus on developing the additions we've made to our frontcourt, it gives us increased flexibility in regards to salary cap management and it gives us the room to add to our roster if we see fit."