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

• October 2, 1987

  Signed Jeff Cook as a free agent.

• October 13, 1987

  Waived Grant Gondrezick.

• October 19, 1987

  Waived Rafael Addison.

• October 29, 1987

  Traded a 1989 2nd round draft pick (Greg Grant was later selected) to the Cleveland Cavaliers for James Bailey.

  Waived Sedric Toney.

• December 28, 1987

  Waived Bill Martin.

• February 24, 1988

  Traded James Edwards to the Detroit Pistons for Ron Moore and a 1991 2nd round draft pick (Richard Dumas was later selected).

• February 25, 1988

  Traded Jay Humphries to the Milwaukee Bucks for Craig Hodges and a 1988 2nd round draft pick (Andrew Lang was later selected).

  Traded Larry Nance, Mike Sanders and a 1988 1st round draft pick (Randolph Keys was later selected) to the Cleveland Cavaliers for Tyrone Corbin, Kevin Johnson, Mark West, a 1988 1st round draft pick (Dan Majerle was later selected), a 1988 2nd round draft pick (Dean Garrett was later selected) and a 1989 2nd round draft pick (Greg Grant was later selected).

• April 29, 1988

  Alvan Adams retired.

• May 2, 1988

  Fired John Wetzel as Head Coach.

• May 10, 1988

  Hired Cotton Fitzsimmons as Head Coach.

• June 23, 1988

  Lost Bernard Thompson to the Charlotte Hornets in the NBA expansion draft.

• June 28, 1988

  Drafted Tim Perry in the 1st round (7th pick) of the 1988 NBA Draft.

  Drafted Dan Majerle in the 1st round (14th pick) of the 1988 NBA Draft.

  Drafted Andrew Lang in the 2nd round (28th pick) of the 1988 NBA Draft.

  Drafted Dean Garrett in the 2nd round (38th pick) of the 1988 NBA Draft.

  Drafted Steve Kerr in the 2nd round (50th pick) of the 1988 NBA Draft.

  Drafted Rodney Johns in the 3rd round (55th pick) of the 1988 NBA Draft.

• June 30, 1988

  Released James Bailey.

  Released Jeff Cook.