Transactions listed are from July 1, 2002 to
June 30, 2003.
- July 20, 2002
Signed Earl Watson as a free agent.
- July 22, 2002
Signed Cezary Trybanski as a free agent.
- October 24, 2002
Waived Eddie Gill.
- October 30, 2002
Signed Mike Batiste as a free agent.
- February 19, 2003
Traded Gordan Giricek and Drew Gooden to the Orlando Magic for Ryan Humphrey, Mike Miller, a 2003 1st round draft pick (Kendrick Perkins was later selected) and a 2004 2nd round draft pick (Sergei Lishouk was later selected).
- June 26, 2003
Drafted Marcus Banks in the 1st round (13th pick) of the 2003 NBA Draft.
Drafted Kendrick Perkins in the 1st round (27th pick) of the 2003 NBA Draft.