Transactions listed are from July 1, 1996 to
June 30, 1997.
- July 16, 1996
Released Armen Gilliam.
Released Rick Mahorn.
Released Tim Perry.
Released Vern Fleming.
- July 31, 1996
Signed Robert Pack as a free agent.
Released Robert Werdann.
- August 7, 1996
Signed David Benoit as a free agent.
- September 10, 1996
Signed Tony Massenburg as a free agent.
- September 24, 1996
Signed Adrian Caldwell as a free agent.
- October 9, 1996
Signed Xavier McDaniel as a free agent.
- November 4, 1996
- December 10, 1996
Signed Evric Gray as a free agent.
- December 21, 1996
Signed Lloyd Daniels as a free agent.
- December 23, 1996
Waived Evric Gray.
- December 27, 1996
Waived Adrian Caldwell.
- January 6, 1997
Waived Lloyd Daniels.
- January 9, 1997
Signed Lloyd Daniels to the first of two 10-day contracts.
- January 30, 1997
Signed Jack Haley to the first of two 10-day contracts.
- February 17, 1997
- February 20, 1997
Signed Jack Haley to a contract for the rest of the season.
Traded George McCloud to the Los Angeles Lakers for Joe Kleine, a 1997 1st round draft pick (Anthony Parker was later selected) and a future 2nd round draft pick. The future 2nd round draft pick traded to New Jersey was conditional and was not exercised.
- June 25, 1997
Drafted Anthony Parker in the 1st round (21st pick) of the 1997 NBA Draft.
Drafted Tim Thomas in the 1st round (7th pick) of the 1997 NBA Draft.
- June 27, 1997