Jun 30, 1998

• Arvydas Sabonis exercised an Early Termination Option in order to void the remaining seasons on his current contract.
  

Mar 26, 1998

• Vincent Askew, previously with the Portland Trail Blazers, became a free agent.
  

Mar 25, 1998

• Gary Grant signed a contract with the Portland Trail Blazers.
  
• Gary Grant, previously with the Portland Trail Blazers, became a free agent.
  

Mar 24, 1998

• The Portland Trail Blazers placed the contract of Vincent Askew on waivers.
  

Mar 15, 1998

• Gary Grant signed a contract with the Portland Trail Blazers.
  
• Gary Grant, previously with the Portland Trail Blazers, became a free agent.
  

Mar 9, 1998

• Dontonio Wingfield, previously with the Portland Trail Blazers, became a free agent.
  

Mar 5, 1998

• The Portland Trail Blazers placed the contract of Dontonio Wingfield on waivers.
  
• Gary Grant signed a contract with the Portland Trail Blazers.
  

Feb 13, 1998

• The Portland Trail Blazers sent Kenny Anderson in a trade to the Toronto Raptors.
  
• The Portland Trail Blazers sent Gary Trent in a trade to the Toronto Raptors.
  
• The Portland Trail Blazers sent Alvin Williams in a trade to the Toronto Raptors.
  
• Carlos Rogers was acquired in a trade by the Portland Trail Blazers from the Toronto Raptors.
  
• Damon Stoudamire was acquired in a trade by the Portland Trail Blazers from the Toronto Raptors.
  
• Walt Williams was acquired in a trade by the Portland Trail Blazers from the Toronto Raptors.
  

Dec 2, 1997

• Rick Brunson signed a contract with the Portland Trail Blazers.
  

Nov 18, 1997

• Sean Higgins, previously with the Portland Trail Blazers, became a free agent.
  

Nov 14, 1997

• The Portland Trail Blazers placed the contract of Sean Higgins on waivers.
  

Oct 30, 1997

• Terrell Bell, previously with the Portland Trail Blazers, became a free agent.
  
• Jamal Robinson, previously with the Portland Trail Blazers, became a free agent.
  

Oct 28, 1997

• The Portland Trail Blazers placed the contract of Terrell Bell on waivers.
  
• The Portland Trail Blazers placed the contract of Jamal Robinson on waivers.
  

Oct 9, 1997

• The Portland Trail Blazers sent Chris Dudley in a trade to the New York Knicks.
  

Oct 2, 1997

• Terrell Bell signed a contract with the Portland Trail Blazers.
  
• Sean Higgins signed a contract with the Portland Trail Blazers.
  
• Alton Lister signed a contract with the Portland Trail Blazers.
  

Sep 29, 1997

• Rasheed Wallace signed a rookie scale extension with the Portland Trail Blazers.
  
• Alvin Williams signed a contract with the Portland Trail Blazers.
  

Sep 25, 1997

• Vincent Askew signed a contract with the Portland Trail Blazers.
  

Sep 22, 1997

• Kelvin Cato signed a multi-year contract with the Portland Trail Blazers.
  

Aug 29, 1997

• John Crotty signed a multi-year contract with the Portland Trail Blazers.
  

Aug 23, 1997

• Brian Grant signed a multi-year contract with the Portland Trail Blazers.
  
• The Portland Trail Blazers renounced their free agent exception rights to Marcus Brown.
  
• The Portland Trail Blazers renounced their free agent exception rights to Rumeal Robinson.
  

Aug 22, 1997

• Chris Dudley signed a contract with the Portland Trail Blazers.
  
• The Portland Trail Blazers renounced their free agent exception rights to Mitchell Butler.
  

Jul 11, 1997

• Jamal Robinson signed a contract with the Portland Trail Blazers.
  

Jul 1, 1997

• Marcus Brown, previously with the Portland Trail Blazers, became a free agent.
  
• Mitchell Butler, previously with the Portland Trail Blazers, became a free agent.
  
• Chris Dudley, previously with the Portland Trail Blazers, became a free agent.
  
• Cliff Robinson, previously with the Portland Trail Blazers, became a free agent.
  
• Rumeal Robinson, previously with the Portland Trail Blazers, became a free agent.