FRIDAY, 1:54am: The Hornets will acquire Alonzo Gee as part of the trade, according to Tom Withers of The Associated Press (hat tip to the Plain Dealer).
THURSDAY, 11:28pm: Brendan Haywood is headed to Cleveland in the deal, Bonnell reports (on Twitter).
11:09pm: The Hornets have struck a deal to send 45th overall pick Dwight Powell to the Cavs in a deal that will give Charlotte some cap relief, tweets Rick Bonnell of the Charlotte Observer.
Brendan Haywood is involved as well