Transactions listed are from July 1, 1987 to June 30, 1988

• October 8, 1987

  Traded Darryl Dawkins and Melvin Turpin to the Utah Jazz for Kent Benson and Dell Curry.

  Traded John Bagley and Keith Lee to the New Jersey Nets for James Bailey and Darryl Dawkins.

• October 23, 1987

  Waived Donald Royal.

• October 29, 1987

  Traded James Bailey to the Phoenix Suns for a 1989 2nd round draft pick (Greg Grant was later selected).

• November 5, 1987

  Waived Johnny Newman.

• November 10, 1987

  Signed Johnny Rogers as a free agent.

• December 29, 1987

  Waived Kannard Johnson.

• February 25, 1988

  Traded Tyrone Corbin, Kevin Johnson, Mark West, a 1988 1st round draft pick (Dan Majerle was later selected), a 1988 2nd round draft pick (Dean Garrett was later selected) and a 1989 2nd round draft pick (Greg Grant was later selected) to the Phoenix Suns for Larry Nance, Mike Sanders and a 1988 1st round draft pick (Randolph Keys was later selected).

• March 29, 1988

  Signed Kevin Henderson as a free agent.

• June 23, 1988

  Lost Dell Curry to the Charlotte Hornets in the NBA expansion draft.

  Traded a 1990 2nd round draft pick (Steve Bardo was later selected) to the Miami Heat for Darnell Valentine.

• June 28, 1988

  Drafted Randolph Keys in the 1st round (22nd pick) of the 1988 NBA Draft.

  Drafted Winston Bennett in the 3rd round (64th pick) of the 1988 NBA Draft.