Transactions listed are from July 1, 1996 to June 30, 1997

• July 11, 1996

  Traded Vlade Divac to the Charlotte Hornets for Kobe Bryant.

• July 16, 1996

  Signed Sean Rooks as a free agent.

  Traded George Lynch, Anthony Peeler, a 1998 2nd round draft pick (J.R. Henderson was later selected) and a 1999 2nd round draft pick (Antwain Smith was later selected) to the Vancouver Grizzlies for a 1998 2nd round draft pick (Ruben Patterson was later selected) and a 1999 2nd round draft pick (John Celestand was later selected).

• July 17, 1996

  Released Derek Strong.

  Released Fred Roberts.

  Released Sedale Threatt.

• July 18, 1996

  Signed Shaquille O'Neal as a free agent.

• July 31, 1996

  Signed Travis Knight as a free agent.

• August 9, 1996

  Signed Rumeal Robinson as a free agent.

• August 12, 1996

  Signed Jerome Kersey as a free agent.

• August 15, 1996

  Signed Trevor Wilson as a free agent.

• September 11, 1996

  Signed Juaquin Hawkins as a free agent.

• September 30, 1996

  Signed Byron Scott as a free agent.

• January 10, 1997

  Traded Cedric Ceballos and Rumeal Robinson to the Phoenix Suns for Robert Horry and Joe Kleine.

• February 20, 1997

  Traded Joe Kleine, a 1997 1st round draft pick (Anthony Parker was later selected) and a future 2nd round draft pick to the New Jersey Nets for George McCloud. The future 2nd round draft pick traded to New Jersey was conditional and was not exercised.

• February 24, 1997

  Signed Larry Krystkowiak to the first of two 10-day contracts.

• June 25, 1997

  Drafted DeJuan Wheat in the 2nd round (51st pick) of the 1997 NBA Draft.

  Drafted Paul Rogers in the 2nd round (53rd pick) of the 1997 NBA Draft.