| Last updated: Mon, March 26, 2012, 02:28 EST |
| Date | Player | Pos. | Transaction |
| 3/21 | Mehmet Okur | C | Waived |
| 3/21 | J.J. Hickson | FC | Signed for the Rest of the Season |
| 3/15 | Jonny Flynn | PG | Traded, With Hasheem Thabeet for Marcus Camby |
| 3/15 | Greg Oden | C | Waived |
| 3/15 | Chris Johnson | C | Waived |
| 3/15 | Mehmet Okur | C | Traded, With Shawne Williams for Gerald Wallace |
| 3/15 | Shawne Williams | F | Traded, With Mehmet Okur for Gerald Wallace |
| 3/15 | Hasheem Thabeet | C | Traded, With Jonny Flynn for Marcus Camby |
| 2/27 | Joel Przybilla | C | Signed as Free Agent |
| 2/27 | Armon Johnson | PG | Waived |
| 12/20 | Earl Barron | C | Waived |
| 12/15 | Craig Smith | PF | Signed as Free Agent |
| 12/15 | Brandon Roy | GF | Waived, designated as team's amnesty player |
| 12/15 | Jamal Crawford | G | Signed as Free Agent |
| 12/11 | Kurt Thomas | FC | Signed as Free Agent, Two-year contract |
| 12/9 | Greg Oden | C | Re-Signed, One-year contract |
| More Transactions |
