Transactions listed are from July 1, 2001 to
June 30, 2002.
- July 18, 2001
- August 2, 2001
- September 27, 2001
Signed Jelani McCoy as a free agent.
- September 28, 2001
Signed Carlos Arroyo as a free agent.
- October 12, 2001
Released Sean Colson.
- October 26, 2001
As part of a 3-team trade, the Toronto Raptors traded Brian Skinner to the Cleveland Cavaliers; the Cleveland Cavaliers traded Chris Gatling to the Miami Heat; the Miami Heat traded Ricky Davis to the Cleveland Cavaliers; and the Miami Heat traded Don MacLean and cash to the Toronto Raptors.
- October 29, 2001
Waived Don MacLean.
- January 8, 2002
Waived Carlos Arroyo.
- January 10, 2002
Signed Jermaine Jackson to two 10-day contracts, then signed to a contract for the rest of the season.
- March 28, 2002
Signed Derrick Dial to a 10-day contract, then signed to a contract for the rest of the season.
- June 26, 2002
Drafted Kareem Rush in the 1st round (20th pick) of the 2002 NBA Draft.
Traded Tracy Murray, Kareem Rush and a 2003 2nd round draft pick (Luke Walton was later selected) to the Los Angeles Lakers for Lindsey Hunter, Chris Jefferies and a 2003 2nd round draft pick (Ramon Van de Hare was later selected).