Transactions listed are from July 1, 2003 to June 30, 2004
August 2, 2003
Signed Samaki Walker as a free agent.
August 6, 2003
Signed Udonis Haslem as a free agent.
August 8, 2003
Signed John Wallace as a free agent.
Signed Loren Woods as a free agent.
August 19, 2003
Signed Dwyane Wade to a multi-year contract.
August 26, 2003
Signed Lamar Odom as a free agent.
September 4, 2003
Signed Rafer Alston as a free agent.
September 23, 2003
Signed Bimbo Coles as a free agent.
October 27, 2003
Waived Sean Lampley.
November 3, 2003
Signed Kirk Penney as a free agent.
November 7, 2003
Signed Tyrone Hill as a free agent.
Waived Kirk Penney.
December 1, 2003
Signed Wang Zhizhi as a free agent.
Waived Tyrone Hill.
June 22, 2004
Lost Loren Woods to the Charlotte Bobcats in the NBA expansion draft.
June 24, 2004
Drafted Dorell Wright in the 1st round (19th pick) of the 2004 NBA Draft.
Drafted Pape Sow in the 2nd round (47th pick) of the 2004 NBA Draft.
Drafted Matt Freije in the 2nd round (53rd pick) of the 2004 NBA Draft.
Traded Pape Sow and a 2005 2nd round draft pick (Uroš Slokar was later selected) to the Toronto Raptors for Albert Miralles.
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