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

• October 8, 1987

  Traded James Bailey and Darryl Dawkins to the Cleveland Cavaliers for John Bagley and Keith Lee.

• November 2, 1987

  Acquired player rights to Mike O'Koren from the Boston Celtics.

• November 3, 1987

  Traded a 1990 2nd round draft pick (Les Jepsen was later selected) to the Atlanta Hawks for Dallas Comegys.

• November 5, 1987

  Acquired player rights to Adrian Branch from the Los Angeles Lakers.

  Waived Leon Wood.

• November 24, 1987

  Albert King signed as a veteran free agent with the Philadelphia 76ers; received a 1988 2nd round draft pick (Charles Shackleford was later selected) as compensation.

• December 3, 1987

  Signed Johnny Moore as a free agent.

  Waived Jamie Waller.

• December 9, 1987

  Fired Dave Wohl as Head Coach.

  Hired Bob MacKinnon as Head Coach.

• December 15, 1987

  Signed Dudley Bradley as a free agent.

  Waived Johnny Moore.

• December 22, 1987

  Waived Adrian Branch.

• January 16, 1988

  Traded Ben Coleman and Mike Gminski to the Philadelphia 76ers for Roy Hinson, Tim McCormick and a 1989 2nd round draft pick (Stanley Brundy was later selected).

• February 27, 1988

  Signed Ricky Wilson to the first of two 10-day contracts.

• February 29, 1988

  Hired Willis Reed as Head Coach.

• March 19, 1988

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

• June 23, 1988

  Lost Pearl Washington to the Miami Heat in the NBA expansion draft.

• June 28, 1988

  Drafted Chris Morris in the 1st round (4th pick) of the 1988 NBA Draft.

  Drafted Charles Shackleford in the 2nd round (32nd pick) of the 1988 NBA Draft.

  Drafted Derrick Hamilton in the 3rd round (52nd pick) of the 1988 NBA Draft.