Transactions listed are from July 1, 1997 to June 30, 1998
July 2, 1997
Released Hubert Davis.
October 2, 1997
Signed Brandon Williams as a free agent.
Signed John Coker as a free agent.
Signed Chris Garner as a free agent.
October 6, 1997
Waived Martin Lewis.
October 10, 1997
As part of a 3-team trade, the Toronto Raptors traded a 2007 2nd round draft pick (Taurean Green was later selected) to the Portland Trail Blazers; the Toronto Raptors traded a 2000 1st round draft pick (Quentin Richardson was later selected) to the New York Knicks; the New York Knicks traded a 1998 1st round draft pick (Bryce Drew was later selected) to the Portland Trail Blazers; the New York Knicks traded John Wallace to the Toronto Raptors; and the Portland Trail Blazers traded Chris Dudley to the New York Knicks.
October 17, 1997
Waived John Coker.
October 21, 1997
Signed Ed Stokes as a free agent.
October 28, 1997
Waived Brandon Williams.
November 12, 1997
John Long retired.
November 30, 1997
Signed Oliver Miller as a free agent.
December 1, 1997
Signed Tim Kempton as a free agent.
Waived Ed Stokes.
January 5, 1998
Waived Tim Kempton.
January 6, 1998
Signed Bob McCann to a 10-day contract.
Signed Lloyd Daniels to a 10-day contract.
January 12, 1998
Waived Bob McCann.
February 13, 1998
Appointed Butch Carter as Interim Head Coach.
Darrell Walker resigns as Head Coach.
Traded Carlos Rogers, Damon Stoudamire and Walt Williams to the Portland Trail Blazers for Kenny Anderson, Gary Trent, Alvin Williams, a 1998 1st round draft pick (Bryce Drew was later selected), a 1998 1st round draft pick (Mirsad Türkcan was later selected) and a 1998 2nd round draft pick (Tyson Wheeler was later selected).
February 18, 1998
Traded Kenny Anderson, Popeye Jones and Žan Tabak to the Boston Celtics for Chauncey Billups, Dee Brown, Roy Rogers and John Thomas.
March 19, 1998
Waived Shawn Respert.
June 9, 1998
Traded Roy Rogers, a 1998 1st round draft pick (Bryce Drew was later selected) and a 1998 1st round draft pick (Mirsad Türkcan was later selected) to the Houston Rockets for Kevin Willis.
June 24, 1998
Drafted Antawn Jamison in the 1st round (4th pick) of the 1998 NBA Draft.
Drafted Tyson Wheeler in the 2nd round (47th pick) of the 1998 NBA Draft.
Traded Antawn Jamison to the Golden State Warriors for Vince Carter and cash.
June 25, 1998
Traded Marcus Camby to the New York Knicks for Sean Marks, Charles Oakley and cash.
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