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

• October 6, 1987

  Signed Tod Murphy as a free agent.

• November 9, 1987

  Waived Tod Murphy.

• January 20, 1988

  Signed Michael Phelps to a 10-day contract.

• February 3, 1988

  Claimed Greg Kite on waivers from the Boston Celtics.

  Waived Norris Coleman.

• February 26, 1988

  Waived Lancaster Gordon.

• March 7, 1988

  Signed Claude Gregory to the first of two 10-day contracts.

• March 18, 1988

  Signed Steve Burtt to two 10-day contracts, then signed to a contract for the rest of the season.

• March 23, 1988

  Signed Eric White to the first of two 10-day contracts.

  Waived Martin Nessley.

• March 28, 1988

  Signed Claude Gregory as a free agent.

• April 12, 1988

  Signed Eric White as a free agent.

• June 23, 1988

  Lost Darnell Valentine to the Miami Heat in the NBA expansion draft.

• June 28, 1988

  Drafted Danny Manning in the 1st round (1st pick) of the 1988 NBA Draft.

  Drafted Hersey Hawkins in the 1st round (6th pick) of the 1988 NBA Draft.

  Drafted Tom Garrick in the 2nd round (45th pick) of the 1988 NBA Draft.

  Drafted Rob Lock in the 3rd round (51st pick) of the 1988 NBA Draft.

  Traded Michael Cage to the Seattle SuperSonics for Gary Grant and a 1989 1st round draft pick (Kenny Payne was later selected).

  Traded Hersey Hawkins and a 1989 1st round draft pick (Kenny Payne was later selected) to the Philadelphia 76ers for Charles Smith.