[1] During the offseason, the Hawks signed free agent Stephen Jackson, while re-signing Jacque Vaughn after one season with the Orlando Magic.
At midseason, they traded Shareef Abdur-Rahim and Theo Ratliff to the Portland Trail Blazers for All-Star forward Rasheed Wallace.
Wallace would win a championship with the Pistons as they defeated the Los Angeles Lakers in five games in the NBA Finals.
[3] The team also traded Nazr Mohammed to the New York Knicks, and acquired Joel Przybilla from the Milwaukee Bucks, while Dion Glover was released to free agency and signed with the Toronto Raptors.
With the lack of big men on the team, and with Przybilla only playing just twelve games due to a knee injury, the Hawks signed free agent center Jason Collier in March.