Cleveland also receives a 2017 second-round pick from Charlotte that is top-55 protected, per ESPN reports. Also according to ESPN, the Hornets will receive cash.
The Cavs made the official announcement earlier today.
Andersen played in 12 games this season, averaging 2.3 points and 2.6 rebounds. The 38-year old was signed by Cleveland in the offseason to add depth the roster.
Andersen suffered a season-ending injury back in December, when he tore his right ACL.
The move opens up a roster spot that should prove to be valuable in facilitating a trade for the Cavs as the trade deadline approaches.
The Cavs, who have already been very active, recently signed Derrick Williams who has had an impressive stint thus far. LeBron James has been pushing for the team to keep Williams “long term”.