Transactions listed are from July 1, 2004 to
June 30, 2005.
- July 15, 2004
Traded a 2005 1st round draft pick (Joey Graham was later selected), a 2006 1st round draft pick (Renaldo Balkman was later selected) and a 2006 1st round draft pick (Marcus Williams was later selected) to the New Jersey Nets for Kenyon Martin.
- October 4, 2004
Signed Greg Buckner as a free agent.
- October 6, 2004
Signed Bryon Russell as a free agent.
- October 18, 2004
Signed DerMarr Johnson as a free agent.
- October 27, 2004
Waived Mitchell Butler.
- February 24, 2005
- March 3, 2005
Signed Wesley Person as a free agent.
- June 28, 2005
Drafted Axel Hervelle in the 2nd round (52nd pick) of the 2005 NBA Draft.
Drafted Jarrett Jack in the 1st round (22nd pick) of the 2005 NBA Draft.
Drafted Julius Hodge in the 1st round (20th pick) of the 2005 NBA Draft.