Search Results
| Date | Team | Acquired | Relinquished | Notes |
| 1984-06-19 | Rockets | • Hakeem Olajuwon | 1984 NBA draft first round pick (#1 overall) | |
| 1984-06-19 | Rockets | • Jim Petersen | 1984 NBA draft third round pick (#51 overall) | |
| 1984-06-19 | Rockets | • Willie Jackson | 1984 NBA draft fourth round pick (#74 overall) | |
| 1984-06-19 | Rockets | • Al McClain | 1984 NBA draft fifth round pick (#96 overall) | |
| 1984-06-19 | Rockets | • Joedy Gardner | 1984 NBA draft seventh round pick (#138 overall) | |
| 1984-06-19 | Rockets | • Greg Wolff | 1984 NBA draft eighth round pick (#161 overall) | |
| 1984-06-19 | Rockets | • Bill Coon | 1984 NBA draft ninth round pick (#183 overall) | |
| 1984-06-19 | Rockets | • Robert Turner | 1984 NBA draft tenth round pick (#205 overall) | |
| 1984-08-01 | Rockets | • Hakeem Olajuwon | signed first round pick | |
| 1984-08-10 | Rockets | • Mitchell Wiggins • 1985 second round pick (#35-Tyrone Corbin) • 1985 third round pick (#57-Michael Payne) |
• Caldwell Jones | trade with Bulls |
| 1984-08-16 | Rockets | • Gary Bradley | purchased 20% interest in team (date per Rockets MG) | |
| 1984-08-29 | Rockets | • Hank McDowell | • 1985 third round pick (#65-Ken Perry / Kenny Perry) | trade with Clippers |
| 1984-09-06 | Rockets | • Robert Reid | re-signed to a 3-year contract | |
| 1984-09-17 | Rockets | • Kevin McKenna | • 1985 fifth round pick (#111-Ivan Daniels) | trade with Pacers |
| 1984-09-25 | Rockets | • Phil Ford | re-signed to a 1-year contract | |
| 1984-09-26 | Rockets | • Darrell Browder | signed free agent to a 1-year contract | |
| 1984-09-26 | Rockets | • Terry Teagle | signed free agent to a 1-year contract | |
| 1984-09-26 | Rockets | • Lionel Hollins | signed veteran free agent (from Pistons) to a 1-year contract (Pistons waived right of first refusal) | |
| 1984-10-04 | Rockets | • John Lucas Jr. • 1985 third round pick (#54-Sam Mitchell) |
• James Bailey • 1985 second round pick (#35-Tyrone Corbin) • cash |
trade with Spurs |
| 1984-10-23 | Rockets | • Joedy Gardner | waived | |
| 1984-10-23 | Rockets | • Kevin McKenna | waived | |
| 1984-10-23 | Rockets | • Major Jones | waived | |
| 1984-10-23 | Rockets | • Terry Teagle | waived | |
| 1984-10-23 | Rockets | • Willie Jackson | waived | |
| 1984-12-10 | Rockets | • John Lucas Jr. | waived |