| Date | Transaction | |||
| 12/20/04 | Did not tender a 2005 contract to IF Mike Hessman and INF Mark DeRosa, making them free agents. | |||
| 12/16/04 | Acquired RHP Jorge Vasquez from Kansas City in exchange for OF Eli Marrero and cash considerations. | |||
| Acquired RHP Tim Hudson from Oakland in exchange for RHP Juan Cruz, LHP Dan Meyer and OF Charles Thomas. | ||||
| Signed RHP John Smoltz to a two-year contract with a club option for 2007. | ||||
| 12/13/04 | Sent RHP Alec Zumwalt to the Milwaukee Brewers to complete the three-player trade made Dec. 11. | |||
| 12/11/04 | Acquired RHP Dan Kolb from the Milwaukee Brewers in exchange for RHP Jose Capellan and a player to be named later. | |||
| 12/9/04 | Signed INF Julio Franco to a one-year contract. | |||
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