Transactions listed are from July 1, 1985 to June 30, 1986

• August 5, 1985

  Waived Tom Scheffler.

• September 20, 1985

  Signed Ken Green as a free agent.

• October 1, 1985

  Signed Caldwell Jones as a veteran free agent and sent a 1987 2nd round draft pick (Winston Garland was later selected) to the Chicago Bulls as compensation.

• October 3, 1985

  Waived Ken Green.

• October 11, 1985

  Waived Perry Young.

• November 4, 1985

  Waived Brian Martin.

• November 12, 1985

  Waived Ben Coleman.

• January 14, 1986

  Traded Darnell Valentine and a 1988 2nd round draft pick (Tom Garrick was later selected) to the Los Angeles Clippers for a 1986 1st round draft pick (Arvydas Sabonis was later selected) and a 1988 2nd round draft pick (Rolando Ferreira was later selected).

• February 24, 1986

  Signed Brian Martin to the first of two 10-day contracts.

• March 26, 1986

  Signed Brian Martin as a free agent.

• May 6, 1986

  Signed Fernando Martín as a free agent.

• May 29, 1986

  Fired Jack Ramsay as Head Coach.

  Hired Mike Schuler as Head Coach.

• June 17, 1986

  Drafted Walter Berry in the 1st round (14th pick) of the 1986 NBA Draft.

  Drafted Arvydas Sabonis in the 1st round (24th pick) of the 1986 NBA Draft.

  Drafted Panagiotis Fasoulas in the 2nd round (37th pick) of the 1986 NBA Draft.

  Drafted Juden Smith in the 3rd round (49th pick) of the 1986 NBA Draft.

  Drafted Dražen Petrović in the 3rd round (60th pick) of the 1986 NBA Draft.

  Drafted David Shaffer in the 4th round (83rd pick) of the 1986 NBA Draft.

  Drafted Jerry Adams in the 5th round (106th pick) of the 1986 NBA Draft.

  Drafted Tony Hampton in the 6th round (129th pick) of the 1986 NBA Draft.

  Drafted Randy Schiff in the 7th round (152nd pick) of the 1986 NBA Draft.

  Traded Steve Colter to the Chicago Bulls for Larry Krystkowiak, a 1987 2nd round draft pick (Winston Garland was later selected) and a 1992 2nd round draft pick (Brett Roberts was later selected).

• June 19, 1986

  Traded Larry Krystkowiak and Mychal Thompson to the San Antonio Spurs for Steve Johnson.