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

• July 18, 1994

  Traded Ricky Pierce, Carlos Rogers, a 1995 2nd round draft pick (Martin Lewis was later selected) and a 1995 2nd round draft pick (Michael McDonald was later selected) to the Golden State Warriors for Byron Houston and Šarūnas Marčiulionis.

• August 2, 1994

  Michael Cage signed as an unrestricted free agent with the Cleveland Cavaliers.

• September 3, 1994

  Signed Steve Scheffler as a free agent.

• September 9, 1994

  Signed Bill Cartwright as an unrestricted free agent.

• October 3, 1994

  Signed Carl Thomas as a free agent.

• October 14, 1994

  Waived Carl Thomas.

• November 1, 1994

  Waived Chris King.

• June 24, 1995

  Lost Dontonio Wingfield to the Toronto Raptors in the NBA expansion draft.

• June 27, 1995

  Traded Kendall Gill to the Charlotte Hornets for Hersey Hawkins and David Wingate.

• June 28, 1995

  Drafted Sherell Ford in the 1st round (26th pick) of the 1995 NBA Draft.

  Drafted Eurelijus Žukauskas in the 2nd round (54th pick) of the 1995 NBA Draft.

  Traded Eurelijus Žukauskas and a 1996 2nd round draft pick (Jeff Nordgaard was later selected) to the Milwaukee Bucks for Eric Snow.