Transactions listed are from July 1, 2003 to
June 30, 2004.
- July 16, 2003
Signed Theron Smith as a free agent.
- August 9, 2003
Signed James Posey as a free agent.
- September 30, 2003
Traded Robert Archibald, Brevin Knight and Cezary Trybanski to the Phoenix Suns for Bo Outlaw and Jake Tsakalidis.
- October 25, 2003
Michael Dickerson retired.
- December 3, 2003
Traded Wesley Person and a 2004 1st round draft pick (Sergei Monia was later selected) to the Portland Trail Blazers for Bonzi Wells.
- June 22, 2004
Lost Theron Smith to the Charlotte Bobcats in the NBA expansion draft.
- June 24, 2004
Purchased Antonio Burks from the Orlando Magic.
Traded a 2005 2nd round draft pick (Mickael Gelabale was later selected) to the Seattle SuperSonics for Andre Emmett.
Drafted Sergei Lishouk in the 2nd round (49th pick) of the 2004 NBA Draft.