| Date |
|
Name |
|
Pos |
|
Status |
| Fri Jun 27 | | Jerryd Bayless | | Point Guard | | Traded (Part of 5 player deal) |
| Fri Jun 27 | | Nicolas Batum | | Forward | | Traded (part of three team 4-player deal) |
| Thu Jun 26 | | Darrell Arthur | | Forward | | Traded (traded for cash considerations) |
| Thu Jun 26 | | Ike Diogu | | Forward-Center | | Traded (Part of five player deal) |
| Thu Feb 21 | | Von Wafer | | Guard | | Traded (for G Taurean Green) |
| Mon Oct 29 | | Jarrett Jack | | Point Guard | | Exercised Contract Option (through 2008-09 season) |
| Mon Oct 29 | | Brandon Roy | | Guard | | Exercised Contract Option (through 2008-09 season) |
| Mon Oct 29 | | LaMarcus Aldridge | | Forward-Center | | Exercised Contract Option (through 2008-09 season) |
| Mon Oct 29 | | Channing Frye | | Forward-Center | | Exercised Contract Option (through 2008-09 season) |
| Mon Oct 29 | | Sergio Rodriguez | | Guard | | Exercised Contract Option (through 2008-09 season) |
| Mon Oct 29 | | Martell Webster | | Guard-Forward | | Exercised Contract Option (through 2008-09 season) |
