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

• July 1, 1988

  Waived Ron Cavenall.

• August 1, 1988

  Released Pat Cummings.

• October 3, 1988

  Signed Eddie Lee Wilkins as a free agent.

• October 21, 1988

  Waived Ken Bannister.

• December 20, 1988

  Signed Pete Myers as a free agent.

• February 23, 1989

  Traded a 1989 1st round draft pick (Byron Irvin was later selected) to the Portland Trail Blazers for Kiki Vandeweghe.

• May 30, 1989

  Rick Pitino resigns as Head Coach.

• June 15, 1989

  Lost Sidney Green to the Orlando Magic in the NBA expansion draft.

• June 27, 1989

  Drafted Brian Quinnett in the 2nd round (50th pick) of the 1989 NBA Draft.