Transactions listed are from July 1, 1997 to
June 30, 1998.
- August 7, 1997
- August 16, 1997
Signed Bison Dele as a free agent.
- October 9, 1997
Waived Randolph Childress.
- October 25, 1997
Signed Malik Sealy as a free agent.
- December 18, 1997
Traded Aaron McKie, Theo Ratliff and a 2003 1st round draft pick (Carlos Delfino was later selected) to the Philadelphia 76ers for Eric Montross, Jerry Stackhouse and a 2005 2nd round draft pick (Alex Acker was later selected).
- January 17, 1998
Signed Steve Henson to the first of two 10-day contracts.
- February 2, 1998
Hired Alvin Gentry as Head Coach.
Fired Doug Collins as Head Coach.
- February 9, 1998
Signed Steve Henson to a contract for the rest of the season.
- June 24, 1998
Drafted Korleone Young in the 2nd round (40th pick) of the 1998 NBA Draft.
Drafted Bonzi Wells in the 1st round (11th pick) of the 1998 NBA Draft.