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

• October 29, 1987

  Waived Ron Grandison.

• November 2, 1987

  Traded Mark Alarie and Darrell Walker to the Washington Bullets for Michael Adams and Jay Vincent.

• December 3, 1987

  Waived Andre Moore.

• December 22, 1987

  Sold player rights to Otis Smith to the Golden State Warriors.

• February 21, 1988

  Signed Brad Wright to a 10-day contract.

• March 4, 1988

  Signed Michael Brooks as a veteran free agent and sent a 1988 3rd round draft pick (Michael Anderson was later selected) to the Indiana Pacers as compensation.

• June 23, 1988

  Lost Michael Brooks to the Charlotte Hornets in the NBA expansion draft.

• June 28, 1988

  Drafted Jerome Lane in the 1st round (23rd pick) of the 1988 NBA Draft.

  Drafted Todd Mitchell in the 2nd round (43rd pick) of the 1988 NBA Draft.

  Drafted Vernon Maxwell in the 2nd round (47th pick) of the 1988 NBA Draft.

  Drafted Dwight Boyd in the 3rd round (66th pick) of the 1988 NBA Draft.

  Traded Vernon Maxwell to the San Antonio Spurs for a 1989 2nd round draft pick (Reggie Turner was later selected).