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Transactions listed are from July 1, 2007 to
June 30, 2008.
- September 27, 2007
Signed Devin Brown as a free agent.
- September 29, 2007
- October 29, 2007
Signed Demetris Nichols as a free agent.
- December 5, 2007
Waived Demetris Nichols.
- January 2, 2008
- January 11, 2008
- January 17, 2008
- February 21, 2008
As part of a 3-team trade, the Cleveland Cavaliers traded Donyell Marshall and Ira Newble to the Seattle SuperSonics; the Cleveland Cavaliers traded Shannon Brown, Drew Gooden, Larry Hughes and Cedric Simmons to the Chicago Bulls; the Chicago Bulls traded Joe Smith, Ben Wallace and a 2009 2nd round draft pick (Danny Green was later selected) to the Cleveland Cavaliers; the Chicago Bulls traded Adrian Griffin to the Seattle SuperSonics; and the Seattle SuperSonics traded Wally Szczerbiak and Delonte West to the Cleveland Cavaliers.
- February 22, 2008
Signed Billy Thomas to two 10-day contracts, then signed to a contract for the rest of the season.
Signed Kaniel Dickens to the first of two 10-day contracts.
- March 13, 2008
Signed Lance Allred to two 10-day contracts, then signed to a contract for the rest of the season.
- June 26, 2008
Drafted J.J. Hickson in the 1st round (19th pick) of the 2008 NBA Draft.