Transactions listed are from July 1, 2007 to
June 30, 2008.
- July 23, 2007
Signed Morris Peterson as a free agent.
- September 13, 2007
Signed Melvin Ely as a free agent.
- September 29, 2007
- October 1, 2007
Signed Ryan Bowen as a free agent.
- October 29, 2007
Waived Bernard Robinson.
Waived Mile Ilic.
- February 21, 2008
As part of a 3-team trade, the New Orleans Hornets traded Marcus Vinicius to the Memphis Grizzlies; the New Orleans Hornets traded Bobby Jackson, Adam Haluska and a 2008 2nd round draft pick (Maarty Leunen was later selected) to the Houston Rockets; the Houston Rockets traded Malick Badiane to the Memphis Grizzlies; the Houston Rockets traded Mike James and Bonzi Wells to the New Orleans Hornets; and the Memphis Grizzlies traded Sergei Lishouk to the Houston Rockets.
- June 26, 2008
Drafted Darrell Arthur in the 1st round (27th pick) of the 2008 NBA Draft.