Signed Steve Nash as a free agent.

Signed Quentin Richardson as a free agent.

Signed Steven Hunter as a free agent.

Signed Yuta Tabuse as a free agent.

Signed Derrick Dial as a free agent.

Waived Howard Eisley.

Signed Bo Outlaw as a free agent.

Traded Žarko Čabarkapa to the Golden State Warriors for a 2007 2nd round draft pick (Aaron Gray was later selected) and a 2009 2nd round draft pick (DeJuan Blair was later selected).

Signed Smush Parker to the first of two 10-day contracts.

Traded Casey Jacobsen, Maciej Lampe and Jackson Vroman to the New Orleans Hornets for Jim Jackson and a 2005 2nd round draft pick (Marcin Gortat was later selected).

Signed Paul Shirley as a free agent.

Traded a 2007 2nd round draft pick (Aaron Gray was later selected) to the Boston Celtics for Walter McCarty.

Waived Smush Parker.

Drafted Nate Robinson in the 1st round (21st pick) of the 2005 NBA Draft.

Drafted Marcin Gortat in the 2nd round (57th pick) of the 2005 NBA Draft.

Traded Quentin Richardson, Nate Robinson and future considerations to the New York Knicks for Kurt Thomas and Dijon Thompson.

Traded Marcin Gortat to the Orlando Magic for future considerations.