Transactions listed are from July 1, 1996 to
June 30, 1997.
- August 17, 1996
Signed Jerome Allen as a free agent.
- September 27, 1996
Signed Brent Scott as a free agent.
- November 4, 1996
- February 20, 1997
Traded Vincent Askew, Eddie Johnson, a 1997 2nd round draft pick (Jason Lawson was later selected) and a 1998 2nd round draft pick (Tremaine Fowlkes was later selected) to the Denver Nuggets for Mark Jackson and LaSalle Thompson.
- April 30, 1997
Larry Brown resigns as Head Coach.
- May 12, 1997
Hired Larry Bird as Head Coach.
- June 25, 1997
Drafted Austin Croshere in the 1st round (12th pick) of the 1997 NBA Draft.