| Transactions |
| Date | Player | Notes |
| 12/18/2001 | Mike James | Signed as Free Agent |
| 12/13/2001 | Sam Mack | Waived |
| 12/03/2001 | Jim Jackson | Signed as Free Agent |
| 12/03/2001 | Tang Hamilton | Waived |
| 10/29/2001 | Sean Lampley | Waived |
| 10/26/2001 | Don MacLean | Traded Three team tradeFrom Heat To Raptors |
| 10/26/2001 | Chris Gatling | Traded Rights traded in three team tradeFrom Cavaliers To Heat |
| 10/26/2001 | Ricky Davis | Traded Three team tradeFrom Heat To Cavaliers |
| 10/25/2001 | Rodney Buford | Waived |
| 10/25/2001 | Kimani Ffriend | Waived |
| 10/25/2001 | Mike James | Waived |
| 10/22/2001 | Rod Strickland | Signed as Free Agent |
| 10/13/2001 | Kimani Ffriend | Signed as Free Agent |
| 10/02/2001 | Vladimir Stepania | Signed as Free Agent |
| 10/01/2001 | Sean Marks | Signed as Free Agent |
| 10/01/2001 | Sean Lampley | Traded Draft rights for future 2nd round pickFrom Bulls To Heat |
| 09/24/2001 | Rodney Buford | Signed as Free Agent |
| 09/14/2001 | Sam Mack | Signed as Free Agent |
| 08/22/2001 | Tim Hardaway | Traded For a second-round draft pickFrom Heat To Mavericks |
| 08/21/2001 | Tim Hardaway | Re-Signed Three-year contract |
| 08/13/2001 | Ernest Brown | Signed as Free Agent |
| 08/05/2001 | Kendall Gill | Signed as Free Agent |
| 07/28/2001 | LaPhonso Ellis | Signed as Free Agent Three-year contract |
| 07/19/2001 | Anthony Carter | Re-Signed |
| 06/21/2001 | Don MacLean | Signed as Free Agent one-year extension exercised |
