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

• October 5, 1987

  Signed Anthony Frederick as a free agent.

  Signed Clinton Wheeler as a free agent.

• October 8, 1987

  Signed Jim Thomas as a free agent.

• October 12, 1987

  Waived Jim Thomas.

• December 8, 1987

  Waived Brian Rowsom.

• December 10, 1987

  Waived Clint Richardson.

• January 5, 1988

  Hired Dick Versace as Head Coach.

• March 4, 1988

  Received a 1988 3rd round draft pick (Michael Anderson was later selected) as compensation for the Denver Nuggets signing Michael Brooks as a veteran free agent.

• April 24, 1988

  Walker Russell signed as a veteran free agent with the Detroit Pistons; received FROM_TRADE as compensation.

• June 23, 1988

  Lost Clinton Wheeler to the Charlotte Hornets in the NBA expansion draft.

• June 28, 1988

  Drafted Rik Smits in the 1st round (2nd pick) of the 1988 NBA Draft.

  Drafted Herbert Crook in the 3rd round (61st pick) of the 1988 NBA Draft.

  Drafted Michael Anderson in the 3rd round (73rd pick) of the 1988 NBA Draft.