Transactions listed are from July 1, 1997 to June 30, 1998

• August 25, 1997

  Robert Parish retired.

• September 3, 1997

  Signed Joe Kleine as a free agent.

• September 22, 1997

  Traded Dickey Simpkins to the Golden State Warriors for Scott Burrell.

• October 1, 1997

  Signed Kornél Dávid as a free agent.

  Signed Rusty LaRue as a free agent.

• October 6, 1997

  Signed Thomas Hamilton as a free agent.

• October 8, 1997

  Waived Kornél Dávid.

• October 21, 1997

  Waived Thomas Hamilton.

• October 30, 1997

  Waived Rusty LaRue.

• November 15, 1997

  Signed Rusty LaRue as a free agent.

• February 19, 1998

  Traded Jason Caffey to the Golden State Warriors for David Vaughn, a 1998 2nd round draft pick (Shammond Williams was later selected) and a 2000 2nd round draft pick (A.J. Guyton was later selected).

• March 2, 1998

  Signed Dickey Simpkins as a free agent.

  Waived David Vaughn.

• June 23, 1998

  Phil Jackson resigns as Head Coach.

• June 24, 1998

  Drafted Corey Benjamin in the 1st round (28th pick) of the 1998 NBA Draft.

  Drafted Shammond Williams in the 2nd round (34th pick) of the 1998 NBA Draft.

  Drafted Maceo Baston in the 2nd round (58th pick) of the 1998 NBA Draft.

  Traded Shammond Williams to the Atlanta Hawks for Cory Carr, a 1999 2nd round draft pick (Lari Ketner was later selected) and a 2000 2nd round draft pick (Khalid El-Amin was later selected).