Transactions listed are from July 1, 1990 to
June 30, 1991.
- August 16, 1990
Signed Dan Godfread as a free agent.
- August 20, 1990
- August 23, 1990
Signed Doug Lee as a free agent.
- October 1, 1990
Signed Dan O'Sullivan as a free agent.
Signed Kurk Lee as a free agent.
- October 29, 1990
Waived Doug Lee.
Waived Dan Godfread.
Waived Dan O'Sullivan.
- October 30, 1990
Waived Anthony Mason.
Waived Pete Myers.
- January 16, 1991
- January 23, 1991
As part of a 3-team trade, the New Jersey Nets traded Greg Anderson and a 1992 1st round draft pick (Bryant Stith was later selected) to the Denver Nuggets; the Denver Nuggets traded Terry Mills to the New Jersey Nets; the Denver Nuggets traded Walter Davis and a 1992 2nd round draft pick (Reggie Smith was later selected) to the Portland Trail Blazers; and the Portland Trail Blazers traded Drazen Petrovic and a 1993 2nd round draft pick (Kevin Thompson was later selected) to the New Jersey Nets.
- June 26, 1991
Drafted Kenny Anderson in the 1st round (2nd pick) of the 1991 NBA Draft.
Drafted Von McDade in the 2nd round (53rd pick) of the 1991 NBA Draft.