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Eastern Conference · Western Conference · Rankings by position
NBA teams may begin negotiating with free agents on July 1. On July 8, teams may begin signing free agents.
| Player | Pos | DOB | Exp. | Status | | Walter Herrmann | SF | 06/26/79 | 2 | Unrestricted | | Allen Iverson | SG | 06/07/85 | 13 | Unrestricted |
| Re-signed | Pos | DOB | Exp. | Status | | Kwame Brown | C | 03/10/82 | 7 | Does not exercise player option, returns to Pistons (June 30) |
| Additions | Pos | DOB | Exp. | Status | | Ben Gordon | SG | 04/04/83 | 4 | Acquired from Chicago (July 8) | | Charlie Villanueva | PF | 08/24/84 | 4 | Acquired from Milwaukee (July 8) |
| Subtractions | Pos | DOB | Exp. | Status | | Antonio McDyess | PF | 09/07/74 | 13 | Agrees to terms with San Antonio (July 8) | | Rasheed Wallace | PF | 09/17/74 | 14 | Signed with Boston (July 8) |
| Player | Pos | DOB | Exp. | Status | | Maurice Ager | SG | 02/09/84 | 3 | Unrestricted |
| Re-signed | Pos | DOB | Exp. | Status | | Jarvis Hayes | SF | 08/09/81 | 6 | Nets pick up team option (June 30) |
| Player | Pos | DOB | Exp. | Status | | Juan Dixon | SG | 10/09/78 | 6 | Unrestricted |
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