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

• October 13, 1987

  Traded Kermit Washington to the Golden State Warriors for a 1988 3rd round draft pick (Anthony Mason was later selected).

• November 10, 1987

  Signed Maurice Lucas as a veteran free agent and sent a 1990 2nd round draft pick (Abdul Shamsid-Deen was later selected) to the Seattle SuperSonics as compensation.

• November 11, 1987

  Waived Ken Johnson.

• December 9, 1987

  Claimed Richard Anderson on waivers from the Houston Rockets.

  Waived Kevin Gamble.

• February 23, 1988

  Traded Jim Paxson to the Boston Celtics for Jerry Sichting.

• May ?, 1988

  Maurice Lucas retired.

• June 23, 1988

  Lost Mike Holton to the Charlotte Hornets in the NBA expansion draft.

• June 28, 1988

  Drafted Mark Bryant in the 1st round (21st pick) of the 1988 NBA Draft.

  Drafted Rolando Ferreira in the 2nd round (26th pick) of the 1988 NBA Draft.

  Drafted Anthony Mason in the 3rd round (53rd pick) of the 1988 NBA Draft.

  Drafted Craig Neal in the 3rd round (71st pick) of the 1988 NBA Draft.