- July 8, 2010
Signed Chris Duhon as a free agent.
- July 13, 2010
Signed Quentin Richardson as a free agent.
- September 15, 2010
Signed Malik Allen as a free agent.
- December 1, 2010
Assigned Daniel Orton to the New Mexico Thunderbirds of the D-League.
- December 6, 2010
Recalled Daniel Orton from the New Mexico Thunderbirds of the D-League.
- December 18, 2010
Traded Vince Carter, Marcin Gortat, Mickael Pietrus, cash and a 2011 1st round draft pick (Nikola Mirotic was later selected) to the Phoenix Suns for Earl Clark, Jason Richardson and Hedo Turkoglu.
Traded Rashard Lewis to the Washington Wizards for Gilbert Arenas.
- January 26, 2011
Waived Jason Williams.
- June 23, 2011
Traded a 2013 2nd round draft pick (Allen Crabbe was later selected) and a 2014 2nd round draft pick to the Cleveland Cavaliers for Justin Harper.
Drafted DeAndre Liggins in the 2nd round (53rd pick) of the 2011 NBA Draft.