- August 22, 2000
Traded Isaac Austin to the Vancouver Grizzlies for Obinna Ekezie, Felipe Lopez, Cherokee Parks and Dennis Scott.
- September 25, 2000
Traded Tracy Murray to the Denver Nuggets for Popeye Jones and a 2002 2nd round draft pick (Rod Grizzard was later selected).
- November 28, 2000
Traded Obinna Ekezie and Cherokee Parks to the Los Angeles Clippers for Tyrone Nesby.
- December 1, 2000
Claimed Obinna Ekezie on waivers from the Los Angeles Clippers.
- February 22, 2001
Traded Calvin Booth, Obinna Ekezie and Juwan Howard to the Dallas Mavericks for Courtney Alexander, Hubert Davis, Christian Laettner, Etan Thomas, Loy Vaught and cash.
Waived Gerard King.
Waived Felipe Lopez.
- March 1, 2001
Waived Rod Strickland.
- March 6, 2001
Signed David Vanterpool to two 10-day contracts, then signed to a contract for the rest of the season.
- June 27, 2001
Traded Predrag Drobnjak to the Seattle SuperSonics for Bobby Simmons.
Drafted Kwame Brown in the 1st round (1st pick) of the 2001 NBA Draft.