Transactions listed are from July 1, 2004 to
June 30, 2005.
- July 15, 2004
- August 4, 2004
Traded Alan Henderson, Jason Terry and a 2007 1st round draft pick to the Dallas Mavericks for Tony Delk and Antoine Walker. Dallas did not receive the 1st round pick because it was lottery protected; they received cash instead.
- August 16, 2004
- September 16, 2004
Signed Kenny Anderson as a free agent.
Signed Jon Barry as a free agent.
- September 22, 2004
Signed Kevin Willis as a free agent.
- October 4, 2004
Signed Lonny Baxter as a free agent.
- October 5, 2004
Signed Anthony Miller as a free agent.
- October 22, 2004
Signed Donnell Harvey as a free agent.
- October 28, 2004
Released Lonny Baxter.
Released Donnell Harvey.
- November 8, 2004
Signed Jelani McCoy as a free agent.
- December 14, 2004
Waived Jelani McCoy.
- December 23, 2004
- January 10, 2005
Signed Obinna Ekezie to two 10-day contracts, then signed to a contract for the rest of the season.
- February 24, 2005
Waived Kenny Anderson.
Waived Chris Crawford.
- February 28, 2005
- March 1, 2005
Waived Gary Payton.
- April 9, 2005
Signed James Thomas to a contract for the rest of the season.
- June 28, 2005
Drafted Marvin Williams in the 1st round (2nd pick) of the 2005 NBA Draft.
Drafted Salim Stoudamire in the 2nd round (31st pick) of the 2005 NBA Draft.
Drafted Cenk Akyol in the 2nd round (59th pick) of the 2005 NBA Draft.