Search Results
| Date | Team | Acquired | Relinquished | Notes |
| 1998-06-27 | Penguins | • Milan Kraft | 1998 NHL entry draft first round pick (#23 overall) | |
| 1998-06-27 | Penguins | • Alexander Zevakhin | 1998 NHL entry draft second round pick (#54 overall) | |
| 1998-06-27 | Penguins | • David Cameron | 1998 NHL entry draft third round pick (#80 overall) | |
| 1998-06-27 | Penguins | • Scott Myers | 1998 NHL entry draft fourth round pick (#110 overall) | |
| 1998-06-27 | Penguins | • Rob Scuderi | 1998 NHL entry draft fifth round pick (#134 overall) | |
| 1998-06-27 | Penguins | • Jan Fadrny | 1998 NHL entry draft sixth round pick (#169 overall) | |
| 1998-06-27 | Penguins | • Joel Scherban | 1998 NHL entry draft seventh round pick (#196 overall) | |
| 1998-06-27 | Penguins | • Mika Lehto | 1998 NHL entry draft eighth round pick (#224 overall) | |
| 1998-06-27 | Penguins | • Matt Hussey | 1998 NHL entry draft ninth round pick (#254 overall) | |
| 1998-06-27 | Penguins | • Toby Petersen | 1998 NHL entry draft ninth round pick (#244 overall) | |
| 1998-07-13 | Penguins | • Ron Francis | lost Group III unrestricted free agent (to Hurricanes) | |
| 1998-07-14 | Penguins | • Stefan Bergkvist / Stefan Bergqvist | lost restricted free agent (to Leksand, Swedish League) | |
| 1998-07-20 | Penguins | • Brad Werenka | re-signed | |
| 1998-07-20 | Penguins | • Stu Barnes | re-signed | |
| 1998-07-30 | Penguins | • Domenic Pittis | lost Group III unrestricted free agent (to Sabres) | |
| 1998-08-10 | Penguins | • Sean Pronger | re-signed restricted free agent | |
| 1998-08-11 | Penguins | • Rob Brown | signed | |
| 1998-08-11 | Penguins | • Sean O'Brien | signed free agent | |
| 1998-08-11 | Penguins | • Victor Ignatjev | signed free agent | |
| 1998-08-13 | Penguins | • Chris Ferraro | lost free agent (to Oilers) | |
| 1998-08-20 | Penguins | • Brian Bonin | re-signed | |
| 1998-08-20 | Penguins | • Dan Kesa | signed free agent | |
| 1998-08-26 | Penguins | • Ed Olczyk / Eddie Olczyk | lost Group III unrestricted free agent (to Blackhawks) | |
| 1998-08-27 | Penguins | • Joe Dziedzic | lost free agent (to Coyotes) | |
| 1998-08-28 | Penguins | • Fredrik Olausson | lost free agent (to Mighty Ducks) |
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