Transactions listed are from July 1, 2002 to
June 30, 2003.
- July 17, 2002
Signed Jacque Vaughn as a free agent.
- July 21, 2002
Signed Olumide Oyedeji as a free agent.
- July 24, 2002
Waived Jud Buechler.
- August 1, 2002
- September 5, 2002
Signed Shawn Kemp as a free agent.
- September 12, 2002
Signed Jabari Smith as a free agent.
- September 17, 2002
Patrick Ewing retired.
- September 18, 2002
Signed Corey Benjamin as a free agent.
- September 23, 2002
Signed Omar Cook as a free agent.
Signed Obinna Ekezie as a free agent.
- September 25, 2002
Signed Pat Burke as a free agent.
- October 6, 2002
Waived Corey Benjamin.
- October 11, 2002
Waived Omar Cook.
- February 19, 2003
Traded Ryan Humphrey, Mike Miller, a 2003 1st round draft pick (Kendrick Perkins was later selected) and a 2004 2nd round draft pick (Sergei Lishouk was later selected) to the Memphis Grizzlies for Gordan Giricek and Drew Gooden.
- February 28, 2003
Signed Chris Whitney to a contract for the rest of the season.
- June 26, 2003
Drafted Reece Gaines in the 1st round (15th pick) of the 2003 NBA Draft.
Drafted Zaza Pachulia in the 2nd round (42nd pick) of the 2003 NBA Draft.
Purchased Kevin Bogans from the Milwaukee Bucks.