Transactions listed are from July 1, 2008 to
June 30, 2009.
- July 23, 2008
Signed James Posey as a free agent.
- August 22, 2008
Signed Devin Brown as a free agent.
- August 28, 2008
Signed Sean Marks as a free agent.
- September 26, 2008
Signed Courtney Sims as a free agent.
- October 22, 2008
Waived Courtney Sims.
- December 10, 2008
As part of a 3-team trade, the New Orleans Hornets traded Mike James to the Washington Wizards; the Memphis Grizzlies traded a 2015 2nd round draft pick to the New Orleans Hornets; the Memphis Grizzlies traded Javaris Crittenton 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.
- June 25, 2009
Drafted Darren Collison in the 1st round (21st pick) of the 2009 NBA Draft.