[1] The previous season ended in disappointing fashion, with the Wizards falling all the way to 12th in the Eastern Conference and missing the playoffs entirely.
After about a month of searching, team owner Ted Leonsis decided to appoint former LA Clippers executive Michael Winger as the President of Monumental Basketball,[2] Leonsis' organization that oversees all pro basketball teams in the Washington, DC area including the Wizards, the Capital City Go-Go, and the Washington Mystics.
The Wizards would receive Chris Paul, Landry Shamet, and a large list of future draft pick considerations in both rounds until 2030.
Porziņģis was moved in a sign-and-trade deal to the Boston Celtics as part of a three-team trade with the Memphis Grizzlies that would net the Wizards Tyus Jones, Danilo Gallinari, and Mike Muscala.
The Wizards later traded Monté Morris to the Detroit Pistons and would later waive Xavier Cooks and Taj Gibson to be under the maximum player limit before the season started.
On January 14, the team traded with the Pistons again, sending Danilo Gallinari and Mike Muscala to Detroit, in exchange for Marvin Bagley III, Isaiah Livers, and two future second-round draft picks.
The only Wizards representative at the 2024 NBA All-Star Game in the middle of tne month was Coulibaly, who appeared in the Rising Stars Challenge, as a member of Team Pau.
On March 14, second-round draft pick Tristan Vukčević, who spent most of the year playing with Partizan Belgrade in Serbia, was also brought to DC and signed to a two-year deal with the Wizards.
Meanwhile, Leonsis and Youngkin's plans to build a new stadium and real estate development in Alexandria fell through when the local and state governments refused to allow public tax dollars to fund the project.
Leonsis decided to return to Mayor Muriel Bowser of Washington, DC, and quickly took her proposed deal to keep the Wizards home in the District.
The Wizards managed to win more games this month than any other in the season, including their first home victory since a December 29th match against the Nets.
Later, the rights to Trayce Jackson-Davis (Pick #57 overall) were folded into a larger trade with the Golden State Warriors in exchange for cash considerations and Patrick Baldwin Jr. Roster Last transaction: April 5, 2024 This became the first regular season where all the NBA teams competed in a mid-season tournament setting due to the implementation of the 2023 NBA In-Season Tournament.
[10][11] During the in-season tournament period, the Wizards competed in Group B of the Eastern Conference, which included the Milwaukee Bucks, New York Knicks, Miami Heat, and Charlotte Hornets.