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

• July 18, 1988

  Traded Robert Reid and a 1990 2nd round draft pick (Steve Scheffler was later selected) to the Charlotte Hornets for Bernard Thompson.

• July 19, 1988

  Signed Mike Woodson as an unrestricted free agent.

• October 6, 1988

  Traded Cedric Maxwell to the Washington Bullets for Jim Grandholm.

• October 11, 1988

  Traded Rodney McCray and Jim Petersen to the Sacramento Kings for Otis Thorpe.

• October 14, 1988

  Waived Jim Grandholm.

• October 19, 1988

  Signed Jim Grandholm as a free agent.

• October 26, 1988

  Signed Chuck Nevitt as a free agent.

• November 1, 1988

  Waived Jim Grandholm.

• November 2, 1988

  Traded Joe Barry Carroll and Lester Conner to the New Jersey Nets for Tony Brown, Frank Johnson, Tim McCormick and Lorenzo Romar.

• February 2, 1989

  Signed Walter Berry as a free agent.

  Waived Tony Brown.

• February 14, 1989

  Waived Bernard Thompson.

• June 15, 1989

  Lost Frank Johnson to the Orlando Magic in the NBA expansion draft.