Transactions listed are from July 1, 2005 to
June 30, 2006.
- August 2, 2005
Signed Larry Hughes as a free agent.
Signed Donyell Marshall as a free agent.
- September 8, 2005
Signed Damon Jones as a free agent.
- September 17, 2005
Signed Alan Henderson as a free agent.
- September 27, 2005
Signed Zendon Hamilton as a free agent.
Signed Mike Wilks as a free agent.
- January 22, 2006
- February 2, 2006
- February 6, 2006
Signed Stephen Graham to two 10-day contracts, then signed to a contract for the rest of the season.
- February 23, 2006
Traded a 2006 2nd round draft pick to the Philadelphia 76ers for Lee Nailon and a 2006 2nd round draft pick (Daniel Gibson was later selected). Philadelphia did not receive the 2nd round draft pick because Cleveland did not finish with at least the third best record in the league.
- February 24, 2006
Waived Lee Nailon.
- March 2, 2006
- March 6, 2006
- March 16, 2006
- April 12, 2006
- June 28, 2006
Drafted Shannon Brown in the 1st round (25th pick) of the 2006 NBA Draft.
Drafted Daniel Gibson in the 2nd round (42nd pick) of the 2006 NBA Draft.
Drafted Ejike Ugboaja in the 2nd round (55th pick) of the 2006 NBA Draft.