Transactions listed are from July 1, 2001 to June 30, 2002
- July 18, 2001
July 24, 2001
Signed Ratko Varda as a free agent.
September 7, 2001
Traded Mateen Cleaves to the Sacramento Kings for Jon Barry and a 2003 1st round draft pick (Carlos Delfino was later selected). Trade originally included a first round pick from Sacramento before 2008 and was later swapped for the 2003 pick after Sacramento acquired it from Atlanta
September 10, 2001
Signed Victor Alexander as a free agent.
October 29, 2001
Signed Damon Jones as a free agent.
June 26, 2002
Drafted Tayshaun Prince in the 1st round (23rd pick) of the 2002 NBA Draft.