Transactions listed are from July 1, 1988 to June 30, 1989

• September 22, 1988

  Released Elston Turner.

  Released Rory Sparrow.

• September 27, 1988

  Signed David Wood as a free agent.

  Signed Ed Nealy as a free agent.

  Signed Charles Davis as a free agent.

  Signed Anthony Jones as a free agent.

• October 28, 1988

  John Fox claimed on waivers by the Golden State Warriors.

• November 17, 1988

  Waived David Wood.

• November 21, 1988

  Waived Anthony Jones.

• December 14, 1988

  Traded Ed Nealy and a 1989 2nd round draft pick (Ricky Blanton was later selected) to the Phoenix Suns for Craig Hodges.

• April 15, 1989

  Signed Dominic Pressley as a free agent.

• April 23, 1989

  Released Dominic Pressley.

• June 15, 1989

  Lost Sam Vincent to the Orlando Magic in the NBA expansion draft.

• June 26, 1989

  Traded Brad Sellers to the Seattle SuperSonics for a 1989 1st round draft pick (B.J. Armstrong was later selected).

• June 27, 1989

  Drafted Stacey King in the 1st round (6th pick) of the 1989 NBA Draft.

  Drafted B.J. Armstrong in the 1st round (18th pick) of the 1989 NBA Draft.

  Drafted Jeff Sanders in the 1st round (20th pick) of the 1989 NBA Draft.

  Traded Dave Corzine to the Orlando Magic for a 1990 2nd round draft pick (Toni Kukoč was later selected) and a 1992 2nd round draft pick (P.J. Brown was later selected).

  Traded a 1993 2nd round draft pick (Mike Peplowski was later selected) to the Seattle SuperSonics. Seattle agreed not to select B.J. Armstrong with the 16th or 17th pick in the 1989 draft.