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Tuesday, December 30th, 1997
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Drafted SP Kerry Wood in the 1997 first-year player draft (Round 1, Pick 1, 1st overall pick).
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Drafted C Bob Henley in the 1997 first-year player draft (Round 2, Pick 1, 25th overall pick).
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Drafted SP Odalis Perez in the 1997 first-year player draft (Round 2, Pick 3, 27th overall pick).
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Drafted SP Eric Milton in the 1997 first-year player draft (Round 2, Pick 10, 34th overall pick).
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Drafted SP Russ Ortiz in the 1997 first-year player draft (Round 2, Pick 22, 46th overall pick).
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Drafted C Michael Barrett in the 1997 first-year player draft (Round 3, Pick 6, 54th overall pick).
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Traded 30-year-old minor league left fielder Deion Sanders to the Toronto Blue Jays, getting 26-year-old minor league reliever Brad Clontz and 24-year-old minor league center fielder Dante Powell in return.
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Traded nothing to the Cleveland Spiders, getting 24-year-old minor league starting pitcher Chan Ho Park in return.
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