Transactions listed are from July 1, 1994 to June 30, 1995

• July 19, 1994

  Traded Sean Elliott to the San Antonio Spurs for Bill Curley and a 1997 2nd round draft pick (Charles O'Bannon was later selected).

• July 25, 1994

  Traded a 1996 2nd round draft pick (Jamie Feick was later selected) to the Philadelphia 76ers for Eric Leckner.

• July 27, 1994

  Signed Rafael Addison as a free agent.

• August 1, 1994

  Traded a 1996 2nd round draft pick (Russ Millard was later selected) and a 1999 2nd round draft pick to the Phoenix Suns for Mark West. Conditional 1999 2nd-rd pick did not convey

• September 6, 1994

  Signed Oliver Miller as a free agent.

• September 29, 1994

  Released Pete Chilcutt.

  Released Greg Anderson.

• October 6, 1994

  Signed Ivano Newbill as a free agent.

• October 10, 1994

  Signed Johnny Dawkins as a free agent.

• December 12, 1994

  Signed Walter Bond as a free agent.

• December 30, 1994

  Signed Mike Peplowski as a free agent.

  Signed Negele Knight as a free agent.

• January 4, 1995

  Waived Mike Peplowski.

• January 10, 1995

  Signed Mike Peplowski to a 10-day contract.

• April 18, 1995

  Waived Ivano Newbill.

• April 19, 1995

  Waived Rafael Addison.

• April 26, 1995

  Fired Don Chaney as Head Coach.

• April 29, 1995

  Hired Doug Collins as Head Coach.

• June 24, 1995

  Lost Oliver Miller to the Toronto Raptors in the NBA expansion draft.

• June 28, 1995

  Drafted Theo Ratliff in the 1st round (18th pick) of the 1995 NBA Draft.

  Drafted Randolph Childress in the 1st round (19th pick) of the 1995 NBA Draft.

  Drafted Lou Roe in the 2nd round (30th pick) of the 1995 NBA Draft.

  Drafted Don Reid in the 2nd round (58th pick) of the 1995 NBA Draft.

  Traded a 1995 1st round draft pick (Shawn Respert was later selected) to the Portland Trail Blazers for a 1995 1st round draft pick (Randolph Childress was later selected), a 1995 1st round draft pick (Theo Ratliff was later selected) and a 1995 2nd round draft pick (Don Reid was later selected).