Transactions listed are from July 1, 1997 to
June 30, 1998.
- September 4, 1997
Signed Hubert Davis as a free agent.
- September 24, 1997
- October 7, 1997
Signed Kevin Ollie as a free agent.
- October 21, 1997
Signed Adrian Caldwell as a free agent.
- November 3, 1997
Waived Adrian Caldwell.
- December 4, 1997
Fired Jim Cleamons as Head Coach.
Hired Don Nelson as Head Coach.
- December 17, 1997
Signed Eric Riley as a free agent.
Waived Kevin Ollie.
- February 18, 1998
- March 27, 1998
Signed Shawn Respert to the first of two 10-day contracts.
- June 24, 1998
Drafted Ansu Sesay in the 2nd round (30th pick) of the 1998 NBA Draft.
Drafted Bruno Sundov in the 2nd round (35th pick) of the 1998 NBA Draft.
Drafted Greg Buckner in the 2nd round (53rd pick) of the 1998 NBA Draft.
Drafted Robert Traylor in the 1st round (6th pick) of the 1998 NBA Draft.