Transactions listed are from July 1, 2000 to
June 30, 2001.
- August 3, 2000
Signed Tony Massenburg as a free agent.
- August 8, 2000
Signed Damon Jones as a free agent.
- August 19, 2000
Signed Mahmoud Abdul-Rauf as a free agent.
- August 22, 2000
- October 1, 2000
Signed Kevin Edwards as a free agent.
- January 30, 2001
Traded Othella Harrington to the New York Knicks for Erick Strickland, a 2001 1st round draft pick (Jamaal Tinsley was later selected) and a 2001 2nd round draft pick (Antonis Fotsis was later selected).
- June 27, 2001
Drafted Antonis Fotsis in the 2nd round (48th pick) of the 2001 NBA Draft.
Drafted Will Solomon in the 2nd round (33rd pick) of the 2001 NBA Draft.
Drafted Jamaal Tinsley in the 1st round (27th pick) of the 2001 NBA Draft.
Drafted Shane Battier in the 1st round (6th pick) of the 2001 NBA Draft.