Transactions listed are from July 1, 2008 to
June 30, 2009.
- August 9, 2008
Released Andre Brown.
- August 28, 2008
Signed Hamed Haddadi as a free agent.
- September 26, 2008
Signed Quinton Ross as a free agent.
- November 25, 2008
- December 10, 2008
As part of a 3-team trade, the Memphis Grizzlies traded Javaris Crittenton to the Washington Wizards; the Memphis Grizzlies traded a 2015 2nd round draft pick to the New Orleans Hornets; the New Orleans Hornets traded Mike James to the Washington Wizards; the Washington Wizards traded a 2010 1st round draft pick (Xavier Henry was later selected) to the Memphis Grizzlies; and the Washington Wizards traded Antonio Daniels to the New Orleans Hornets.
- 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 was later selected). Houston did not receive the 2nd round draft pick because it was top 55 protected.
- December 24, 2008
- January 7, 2009
Waived Darius Miles.
- February 17, 2009
- February 18, 2009
- February 19, 2009
As part of a 3-team trade, the Memphis Grizzlies traded Kyle Lowry to the Houston Rockets; the Houston Rockets traded Rafer Alston to the Orlando Magic; the Orlando Magic traded Brian Cook to the Houston Rockets; and the Orlando Magic traded Adonal Foyle, Mike Wilks and a 2009 1st round draft pick (DeMarre Carroll was later selected) to the Memphis Grizzlies.
- March 2, 2009
Waived Adonal Foyle.
- March 18, 2009
- June 25, 2009
Drafted Hasheem Thabeet in the 1st round (2nd pick) of the 2009 NBA Draft.
Drafted Sam Young in the 2nd round (36th pick) of the 2009 NBA Draft.
Drafted DeMarre Carroll in the 1st round (27th pick) of the 2009 NBA Draft.