Transactions listed are from July 1, 2010 to
June 30, 2011.
- July 8, 2010
Traded a 2012 2nd round draft pick to the Phoenix Suns for Amar'e Stoudemire. Phoenix also received a trade exception from New York. Phoenix did not receive the 2nd round draft pick because it was top 55 protected.
- July 9, 2010
Traded David Lee to the Golden State Warriors for Kelenna Azubuike, Anthony Randolph, Ronny Turiaf, a 2012 2nd round draft pick (Quincy Miller was later selected) and a 2013 2nd round draft pick (Romero Osby was later selected).
- July 12, 2010
Signed Raymond Felton as a free agent.
- July 13, 2010
Signed Timofey Mozgov as a free agent.
- August 10, 2010
Signed Roger Mason as a free agent.
- September 23, 2010
Signed Shawne Williams as a free agent.
- February 22, 2011
As part of a 3-team trade, the New York Knicks traded Eddy Curry, Anthony Randolph and cash to the Minnesota Timberwolves; the New York Knicks traded Wilson Chandler, Raymond Felton, Danilo Gallinari, Timofey Mozgov, cash, a 2012 2nd round draft pick (Quincy Miller was later selected), a 2013 2nd round draft pick (Romero Osby was later selected) and a 2014 1st round draft pick to the Denver Nuggets; the Denver Nuggets traded a 2015 2nd round draft pick to the Minnesota Timberwolves; the Denver Nuggets traded Carmelo Anthony, Renaldo Balkman, Chauncey Billups, Anthony Carter and Shelden Williams to the New York Knicks; the Minnesota Timberwolves traded Kosta Koufos to the Denver Nuggets; and the Minnesota Timberwolves traded Corey Brewer to the New York Knicks.
- February 28, 2011
Waived Kelenna Azubuike.
- March 1, 2011
Signed Jared Jeffries as a free agent.
Waived Corey Brewer.
- June 23, 2011
Drafted Iman Shumpert in the 1st round (17th pick) of the 2011 NBA Draft.