Jun 28, 1995 - The 1995 NBA Draft took place in Toronto.

• The Miami Heat acquired the Draft Rights to Terrence Rencher from the Washington Wizards.
  
• The Miami Heat selected George Banks in Round 2 with Pick 17 in the 1995 NBA Draft.
  
• The Miami Heat selected Kurt Thomas in Round 1 with Pick 10 in the 1995 NBA Draft.
  
• Rex Chapman was acquired in a trade by the Miami Heat from the Washington Wizards.
  

Jun 14, 1995

• The Miami Heat sent Harold Miner in a trade to the Cleveland Cavaliers.
  
• Sasha Danilovic signed a multi-year contract with the Miami Heat.
  

Apr 20, 1995

• Kevin Pritchard, previously with the Miami Heat, became a free agent.
  

Apr 18, 1995

• The Miami Heat placed the contract of Kevin Pritchard on waivers.
  

Mar 24, 1995

• Kevin Pritchard signed a contract with the Miami Heat.
  

Mar 19, 1995

• The Miami Heat terminated the 10 day contract for Kevin Pritchard early.
  
• Kevin Pritchard, previously with the Miami Heat, became a free agent.
  

Mar 16, 1995

• Kevin Pritchard signed a contract with the Miami Heat.
  
• Kevin Pritchard, previously with the Miami Heat, became a free agent.
  

Mar 6, 1995

• Kevin Pritchard signed a contract with the Miami Heat.
  

Nov 8, 1994

• Bimbo Coles signed a veteran extension with the Miami Heat.
  

Nov 7, 1994

• The Miami Heat sent Grant Long in a trade to the Atlanta Hawks.
  
• The Miami Heat sent Steve Smith in a trade to the Atlanta Hawks.
  
• Kevin Willis was acquired in a trade by the Miami Heat from the Atlanta Hawks.
  
• Willie Burton, previously with the Miami Heat, became a free agent.
  

Nov 4, 1994

• Alec Kessler, previously with the Miami Heat, became a free agent.
  

Nov 3, 1994

• The Miami Heat placed the contract of Willie Burton on waivers.
  
• Steve Henson, previously with the Miami Heat, became a free agent.
  
• Kevin Pritchard, previously with the Miami Heat, became a free agent.
  

Nov 2, 1994

• The Miami Heat placed the contract of Alec Kessler on waivers.
  
• The Miami Heat sent Rony Seikaly in a trade to the Golden State Warriors.
  
• The Miami Heat acquired the Draft Rights to Sasha Danilovic from the Golden State Warriors.
  
• Billy Owens was acquired in a trade by the Miami Heat from the Golden State Warriors.
  

Nov 1, 1994

• The Miami Heat placed the contract of Steve Henson on waivers.
  
• The Miami Heat placed the contract of Kevin Pritchard on waivers.
  

Oct 20, 1994

• Andre Spencer, previously with the Miami Heat, became a free agent.
  

Oct 18, 1994

• The Miami Heat placed the contract of Andre Spencer on waivers.
  

Oct 10, 1994

• Khalid Reeves signed a multi-year contract with the Miami Heat.
  

Oct 7, 1994

• Kevin Gamble signed a multi-year contract with the Miami Heat.
  
• Brad Lohaus signed a contract with the Miami Heat.
  

Oct 6, 1994

• Steve Henson signed a contract with the Miami Heat.
  
• Andre Spencer signed a contract with the Miami Heat.
  

Oct 4, 1994

• Kevin Pritchard signed a contract with the Miami Heat.
  

Sep 30, 1994

• Ledell Eackles signed a contract with the Miami Heat.
  

Sep 28, 1994

• Keith Askins signed a contract with the Miami Heat.
  

Aug 4, 1994

• Matt Geiger signed a multi-year contract with the Miami Heat.
  

Jul 1, 1994

• Keith Askins, previously with the Miami Heat, became a free agent.
  
• Matt Geiger, previously with the Miami Heat, became a free agent.
  
• Brian Shaw, previously with the Miami Heat, became a free agent.