December 13, 2008: Signed Darius Miles as a free agent.
December 23, 2008: Traded a 2011 2nd round draft pick to the Houston Rockets for Steve Francis, cash and a 2009 2nd round draft pick (Sam Young). Houston did not receive the 2nd round draft pick because it was top 55 protected.
January 7, 2009: Traded a 2012 2nd round draft pick to the Miami Heat for Shaun Livingston and cash. Miami did not receive the 2nd round draft pick because it was top 55 protected.
August 7, 2009: Traded a 2010 1st round draft pick (Dominique Jones) to the Denver Nuggets for Steven Hunter, cash and a 2016 2nd round draft pick. Denver also received a trade exception from Memphis.
August 27, 2009: Signed Trey Gilder as a free agent.
September 10, 2009: Signed Allen Iverson as a free agent.
November 14, 2009: Signed Jamaal Tinsley as a free agent.