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

• July 13, 1987

  Hired Rick Pitino as Head Coach.

• October 9, 1987

  Signed Ray Tolbert as a free agent.

• October 12, 1987

  Waived Brad Wright.

• October 15, 1987

  Traded Jawann Oldham to the Sacramento Kings for a 1988 2nd round draft pick (Fennis Dembo was later selected).

• October 29, 1987

  Traded Ron Moore and a 1988 2nd round draft pick (Fennis Dembo was later selected) to the Detroit Pistons for Sidney Green.

• November 12, 1987

  Signed Johnny Newman as a free agent.

  Traded Rory Sparrow to the Chicago Bulls for a 1988 2nd round draft pick (Greg Butler was later selected).

• November 14, 1987

  Waived Gerald Henderson.

• November 16, 1987

  Claimed Tony White on waivers from the Chicago Bulls.

• November 30, 1987

  Signed Rick Carlisle as a free agent.

• December 9, 1987

  Waived Ray Tolbert.

• December 11, 1987

  Signed Billy Donovan as a free agent.

  Waived Tony White.

• December 15, 1987

  Tony White claimed on waivers by the Golden State Warriors.

  Waived Chris McNealy.

• December 16, 1987

  Waived Bob Thornton.

• March 2, 1988

  Signed Carey Scurry to the first of two 10-day contracts.

• March 13, 1988

  Signed Sedric Toney to a 10-day contract.

• March 23, 1988

  Signed Sedric Toney as a free agent.

• March 28, 1988

  Waived Billy Donovan.

• June 23, 1988

  Lost Sedric Toney to the Charlotte Hornets in the NBA expansion draft.

• June 27, 1988

  Traded Bill Cartwright, a 1988 1st round draft pick (Will Perdue was later selected) and a 1988 3rd round draft pick (Derrick Lewis was later selected) to the Chicago Bulls for Charles Oakley, a 1988 1st round draft pick (Rod Strickland was later selected) and a 1988 3rd round draft pick (Phil Stinnie was later selected).

• June 28, 1988

  Drafted Rod Strickland in the 1st round (19th pick) of the 1988 NBA Draft.

  Drafted Greg Butler in the 2nd round (37th pick) of the 1988 NBA Draft.

  Drafted Phil Stinnie in the 3rd round (69th pick) of the 1988 NBA Draft.