Search Results
| Date | Team | Acquired | Relinquished | Notes |
| 1997-02-14 | Suns | Rumeal Robinson | waived | |
| 1997-02-20 | Suns | Frank Johnson | hired as assistant coach | |
| 1997-02-20 | Suns | Horacio Llamas | signed free agent to a 10-day contract | |
| 1997-02-21 | Suns | Dexter Boney | waived | |
| 1997-03-03 | Suns | Horacio Llamas | re-signed to a second 10-day contract | |
| 1997-03-13 | Suns | Horacio Llamas | re-signed for the remainder of the season | |
| 1997-04-05 | Suns | Mike Brown (b) | signed free agent for the remainder of the season | |
| 1997-05-03 | Suns | Kevin Johnson | retired | |
| 1997-06-23 | Suns | Kevin Johnson | un-retired, and re-signed as a free agent to a 1-year, $8.4M contract | |
| 1997-06-25 | Suns | Scott Skiles | hired as assistant coach | |
| 1997-06-25 | Suns | Stephen Jackson | second round pick (#42 overall) | |
| 1997-07-01 | Suns | Mark Bryant | re-signed free agent to a 2-year contract | |
| 1997-07-08 | Suns | Horacio Llamas | re-signed free agent to a 1-year contract | |
| 1997-07-08 | Suns | John Williams / Hot Rod Williams | re-signed | |
| 1997-07-08 | Suns | Rex Chapman | re-signed free agent to a 1-year contract | |
| 1997-07-15 | Suns | Stephen Jackson | signed second round pick to a 1-year contract | |
| 1997-08-22 | Suns | Tom Chambers | signed free agent | |
| 1997-08-22 | Suns | William Cunningham | signed free agent | |
| 1997-08-25 | Suns | Clifford Robinson (R.) | signed free agent to a 1-year, $1M contract | |
| 1997-09-02 | Suns | George McCloud | signed free agent to a 1-year, $272.5K contract | |
| 1997-09-29 | Suns | Dwayne Schintzius | signed free agent | |
| 1997-09-29 | Suns | Russ Millard | signed free agent | |
| 1997-09-29 | Suns | Shawn Dirden | signed free agent | |
| 1997-10-01 | Suns | Antonio McDyess, Cavaliers 2000 or later first round pick (originally lottery protected, removed in a subsequent trade) (2005 #13-Sean May) | 1998 first round pick (#23-Tyronn Lue), 1998 or 1999 first round pick (1999 #18-James Posey), 2000 second round pick (#53-Dan McClintock), 2001 first round pick (#21-Joseph Forte), 2002 second round pick (#38-Rod Grizzard), cash | 3-team trade with Cavaliers, Nuggets |
| 1997-10-02 | Suns | first round pick (?-?) | Wesley Person, Tony Dumas | trade with Cavaliers |
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