[3] The additional salary cap space created by this trade allowed Colangelo to sign Steve Nash back from the Dallas Mavericks in the summer of 2004.
[3] Nash would go on to be the 2004–05 and 2005–06 NBA Most Valuable Player, and the Suns would go 62–20 and claim the top playoff seed in the Western Conference in the 2004–05 season.
[3] In the summer of 2005, Colangelo traded shooting guard Joe Johnson to the Atlanta Hawks for two future first-round picks and Boris Diaw, who then won the 2006 NBA Most Improved Player Award.
[8] On June 8, 2006, Colangelo pulled his first trade since he joined the Raptors by swapping first-rounder Rafael Araújo for Robert Whaley and Kris Humphries with the Utah Jazz.
He completed his second trade by sending forward Eric Williams, fan favorite Matt Bonner and a 2009 second-round pick to the San Antonio Spurs for center Radoslav Nesterovič on June 21, 2006.
Colangelo traded Charlie Villanueva, who was runner-up for the NBA Rookie of the Year Award, for Milwaukee Bucks point guard T. J.
[9] Colangelo picked the 20-year-old Italian Andrea Bargnani with the first overall selection in the 2006 NBA Draft[10] which was held in New York City on June 28, 2006.
Many have credited their significant turnaround from a 27–55 in the 2005–06 season to the changes made by Colangelo, in which he brought in nine new players to the Toronto Raptors' roster.
[5] During the offseason, Colangelo gave the 2009 and 2011 second-round draft picks to the Detroit Pistons in exchange for Carlos Delfino.
[21] In January 2016, Colangelo emerged as a top candidate to succeed Billy King as general manager of the Brooklyn Nets, though the team ultimately hired the San Antonio Spurs' assistant general manager Sean Marks instead despite not being considered a main competitor for the position at the time.
[23] Sam Hinkie, the previous general manager of the team, stepped down from his position days before Bryan Colangelo was hired.
On May 29, 2018, The Ringer published an investigation alleging Colangelo used up to five secret Twitter accounts to disparage his predecessor, Hinkie, as well as several 76ers players including Joel Embiid and Jahlil Okafor.
[29] The situation related to his wife, Barbara Bottini, creating three of the five fake Twitter accounts involved that leaked potentially sensitive information about the Philadelphia 76ers organization, among other details.
[30] The 76ers' head coach Brett Brown was named interim general manager at the time, holding onto the position from June 7 to September 20.