Search Results
| Date | Team | Acquired | Relinquished | Notes |
| 2004-07-09 | Timberwolves | • Jim Stack | hired as general manager, signed to a 1-year contract | |
| 2004-07-23 | Timberwolves | • Fred Hoiberg | re-signed free agent to 2-year, $3.4M contract | |
| 2004-08-04 | Timberwolves | • Trenton Hassell | re-signed restricted free agent to a 6-year, $27M contract (matched Blazers offer sheet) | |
| 2004-08-09 | Timberwolves | • Troy Hudson | re-signed free agent to a 6-year, $36-37M contract | |
| 2004-09-08 | Timberwolves | • Chris Wright (a) | hired as president | |
| 2004-09-08 | Timberwolves | • Rob Moor | promoted to CEO | |
| 2004-10-04 | Timberwolves | • Anthony Carter | signed free agent to a 1-year contract | |
| 2004-10-04 | Timberwolves | • Anthony Goldwire | signed free agent to a 1-year contract | |
| 2004-10-04 | Timberwolves | • Blake Stepp | signed second round pick to a 1-year contract | |
| 2004-10-04 | Timberwolves | • Jackie Butler | signed free agent to a 1-year contract | |
| 2004-10-04 | Timberwolves | • John Thomas | signed free agent to a 1-year contract | |
| 2004-10-04 | Timberwolves | • Kasib Powell | signed free agent to a 1-year contract | |
| 2004-10-04 | Timberwolves | • Rick Rickert | signed free agent to a 1-year contract | |
| 2004-10-05 | Timberwolves | • Eddie Griffin | signed free agent to a 1-year contract | |
| 2004-10-25 | Timberwolves | • Blake Stepp | waived | |
| 2004-10-25 | Timberwolves | • Jackie Butler | waived | |
| 2004-10-25 | Timberwolves | • Rick Rickert | waived | |
| 2004-10-28 | Timberwolves | • Anthony Goldwire | waived | |
| 2004-10-28 | Timberwolves | • Kasib Powell | waived | |
| 2004-11-01 | Timberwolves | • John Thomas | waived | |
| 2005-01-10 | Timberwolves | • John Thomas | signed free agent to a 10-day contract | |
| 2005-01-20 | Timberwolves | • John Thomas | re-signed to a second 10-day contract | |
| 2005-01-29 | Timberwolves | • John Thomas | re-signed for the remainder of the season | |
| 2005-02-12 | Timberwolves | • Jerry Sichting | fired as assistant coach (date approximate) | |
| 2005-02-12 | Timberwolves | • Phil Saunders / Flip Saunders | fired as head coach |
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