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Transactions listed are from July 1, 1984 to
June 30, 1985.
- July 26, 1984
Hired George Karl as Head Coach.
- August 8, 1984
- September ?, 1984
Signed Dale Wilkinson as a free agent.
- September 27, 1984
Signed Robert Smith as a free agent.
- September 29, 1984
Traded a 1985 2nd round draft pick to the New York Knicks for Campy Russell. The 2nd round draft pick was contingent upon Russell being on Cleveland's roster on December 1, 1984 but he was waived on November 5, 1984.
- October 22, 1984
Waived Dale Wilkinson.
- November 5, 1984
Waived Campy Russell.
- November 16, 1984
- November 23, 1984
Signed Mark West as a free agent.
- November 26, 1984
Waived Robert Smith.
- December 7, 1984
Waived Geoff Huston.
- December 14, 1984
Waived Michael Wilson.
- December 20, 1984
Signed Kevin Williams as a free agent.
- January 10, 1985
Signed Butch Graves to the first of two 10-day contracts.
- February 12, 1985
- June 18, 1985
Drafted Charles Oakley in the 1st round (9th pick) of the 1985 NBA Draft.
Drafted Calvin Duncan in the 2nd round (30th pick) of the 1985 NBA Draft.
Drafted Hot Rod Williams in the 2nd round (45th pick) of the 1985 NBA Draft.
Drafted Herb Johnson in the 3rd round (55th pick) of the 1985 NBA Draft.
Drafted Mark Davis in the 4th round (79th pick) of the 1985 NBA Draft.
Drafted Gunther Behnke in the 5th round (101st pick) of the 1985 NBA Draft.
Drafted Ricky Johnson in the 6th round (125th pick) of the 1985 NBA Draft.
Drafted Buzz Peterson in the 7th round (147th pick) of the 1985 NBA Draft.