| Date |
|
Name |
|
Pos |
|
Status |
| Mon Jun 30 | | Steve Novak | | Forward | | Exercised Contract Option (For 2008-09 season) |
| Fri Jun 27 | | Donte Greene | | Small Forward | | Traded (part of three team 4-player deal) |
| Fri Jun 27 | | Joey Dorsey | | Power Forward | | Traded (part of three team 4-player deal) |
| Thu Feb 21 | | Bobby Jackson | | Point Guard | | Traded (seven-player, three-team deal) |
| Thu Feb 21 | | Gerald Green | | Guard-Forward | | Traded (for G Kirk Snyder, future considerations) |
| Thu Feb 21 | | Adam Haluska | | Guard | | Traded (seven-player, three-team deal) |
| Thu Nov 01 | | Luther Head | | Guard | | Contract Extended (Signed through the 2008-09 season) |
