Transactions listed are from July 1, 1995 to June 30, 1996

• September 18, 1995

  Traded Frank Brickowski to the Seattle SuperSonics for Byron Houston and Šarūnas Marčiulionis.

• October 5, 1995

  Randy Brown signed as an unrestricted free agent with the Chicago Bulls.

• October 25, 1995

  Released Doug Lee.

  Released Henry Turner.

• November 2, 1995

  Signed Clint McDaniel as a free agent.

• February 22, 1996

  Traded Tyrone Corbin and Walt Williams to the Miami Heat for Kevin Gamble and Billy Owens.

• June 13, 1996

  Traded Šarūnas Marčiulionis and a 1996 2nd round draft pick (Jeff McInnis was later selected) to the Denver Nuggets for Mahmoud Abdul-Rauf.

• June 26, 1996

  Drafted Peja Stojaković in the 1st round (14th pick) of the 1996 NBA Draft.

  Drafted Jason Sasser in the 2nd round (41st pick) of the 1996 NBA Draft.

• June 27, 1996

  Sold player rights to Jason Sasser to the Portland Trail Blazers.