Transactions listed are from July 1, 2004 to
June 30, 2005.
- July 27, 2004
Signed Mehmet Okur as a free agent.
- July 30, 2004
Signed Carlos Boozer as a free agent.
- September 30, 2004
Signed Keith McLeod as a free agent.
- October 4, 2004
Signed Aleksandar Radojevic as a free agent.
- November 3, 2004
Signed Howard Eisley as a free agent.
- January 21, 2005
- January 26, 2005
Waived Elden Campbell.
- January 28, 2005
- March 2, 2005
Signed Randy Livingston to a 10-day contract.
- March 29, 2005
Signed Ben Handlogten to a contract for the rest of the season.
- June 7, 2005
- June 28, 2005
Drafted Robert Whaley in the 2nd round (51st pick) of the 2005 NBA Draft.
Traded a 2005 1st round draft pick (Linas Kleiza was later selected), a 2005 1st round draft pick (Martell Webster was later selected) and a 2006 1st round draft pick (Joel Freeland was later selected) to the Portland Trail Blazers for a 2005 1st round draft pick (Deron Williams was later selected).
Drafted Deron Williams in the 1st round (3rd pick) of the 2005 NBA Draft.
Drafted C.J. Miles in the 2nd round (34th pick) of the 2005 NBA Draft.