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

• October 9, 1987

  Lester Conner signed as a veteran free agent with the Houston Rockets; received a 1988 2nd round draft pick (Keith Smart was later selected) as compensation.

  Waived Perry Moss.

• October 13, 1987

  Traded a 1988 3rd round draft pick (Anthony Mason was later selected) to the Portland Trail Blazers for Kermit Washington.

• November 5, 1987

  Traded Purvis Short to the Houston Rockets for Dave Feitl and a 1989 1st round draft pick (Dana Barros was later selected).

  Signed Dirk Minniefield as a veteran free agent.

• November 25, 1987

  Signed Winston Garland as a free agent.

  Waived Kermit Washington.

  Waived Dirk Minniefield.

• December 9, 1987

  Waived Winston Garland.

• December 12, 1987

  Traded Joe Barry Carroll, Sleepy Floyd and cash to the Houston Rockets for Steve Harris and Ralph Sampson.

• December 14, 1987

  Signed Winston Garland as a free agent.

• December 15, 1987

  Claimed Tony White on waivers from the New York Knicks.

  Traded Chris Washburn to the Atlanta Hawks for Ken Barlow.

• December 19, 1987

  Waived Kevin Henderson.

• December 20, 1987

  Signed Nate Blackwell as a free agent.

• December 22, 1987

  Acquired player rights to Otis Smith from the Denver Nuggets.

• December 29, 1987

  Traded a 1988 2nd round draft pick (Andrew Lang was later selected) to the Milwaukee Bucks for Don Nelson.

• January 22, 1988

  Signed Dave Hoppen as a free agent.

• March 23, 1988

  Appointed Ed Gregory as Interim Head Coach.

  George Karl resigns as Head Coach.

• March 30, 1988

  Signed Mark Wade to the first of two 10-day contracts.

• April 5, 1988

  Hired Don Nelson as Head Coach.

• April 20, 1988

  Signed Mark Wade to a contract for the rest of the season.

• June 8, 1988

  Traded Dave Feitl and a 1989 2nd round draft pick (Doug Roth was later selected) to the Washington Bullets for Manute Bol.

• June 23, 1988

  Lost Dave Hoppen to the Charlotte Hornets in the NBA expansion draft.

• June 28, 1988

  Drafted Mitch Richmond in the 1st round (5th pick) of the 1988 NBA Draft.

  Drafted Keith Smart in the 2nd round (41st pick) of the 1988 NBA Draft.