Transactions listed are from July 1, 2004 to
June 30, 2005.
- July 14, 2004
Signed Hedo Turkoglu as a free agent.
- July 23, 2004
Traded Drew Gooden, Steven Hunter and Anderson Varejao to the Cleveland Cavaliers for Tony Battie, a 2005 2nd round draft pick (Martynas Andriuskevicius was later selected) and a 2007 2nd round draft pick (Brad Newley was later selected).
- July 29, 2004
Signed Michael Bradley as a free agent.
- August 2, 2004
Signed Stacey Augmon as a free agent.
- October 4, 2004
Signed Corsley Edwards as a free agent.
Signed Earl Barron as a free agent.
- October 14, 2004
Waived Earl Barron.
- October 19, 2004
Waived Rod Strickland.
- November 1, 2004
- January 10, 2005
- March 23, 2005
Signed Mark Jones to a 10-day contract, then signed to a contract for the rest of the season.
- March 31, 2005
Signed Andre Barrett to a 10-day contract, then signed to a contract for the rest of the season.
- June 28, 2005
Drafted Fran Vazquez in the 1st round (11th pick) of the 2005 NBA Draft.
Drafted Travis Diener in the 2nd round (38th pick) of the 2005 NBA Draft.
Drafted Martynas Andriuskevicius in the 2nd round (44th pick) of the 2005 NBA Draft.