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

• July 16, 1985

  Waived David Thirdkill.

  Waived Linton Townes.

• October 9, 1985

  Acquired player rights to Earl Jones from the Los Angeles Lakers.

• October 22, 1985

  Waived Earl Jones.

• October 23, 1985

  Signed Wes Matthews as a free agent.

  Traded a 1986 2nd round draft pick (Lemone Lampley was later selected) to the Seattle SuperSonics for Jon Sundvold.

• October 24, 1985

  Traded George Gervin to the Chicago Bulls for Dave Greenwood.

  Waived Ozell Jones.

• October 29, 1985

  Received cash as compensation for the Chicago Bulls signing John Paxson as a veteran free agent.

• January 15, 1986

  Signed Rod Higgins to the first of two 10-day contracts.

• February 1, 1986

  Signed Ennis Whatley to a 10-day contract.

• February 11, 1986

  Signed Jeff Lamp to a 10-day contract.

  Signed Ray Williams as a free agent.

• February 15, 1986

  Traded Jeff Cook and Marc Iavaroni to the Utah Jazz for Jeff Wilkins.

• March 28, 1986

  Waived Ray Williams.

• March 30, 1986

  Ray Williams claimed on waivers by the New Jersey Nets.

  Waived Mike Brittain.

• May 27, 1986

  Hired Bob Weiss as Head Coach.

• June 17, 1986

  Drafted Johnny Dawkins in the 1st round (10th pick) of the 1986 NBA Draft.

  Drafted Kevin Duckworth in the 2nd round (33rd pick) of the 1986 NBA Draft.

  Drafted Forrest McKenzie in the 3rd round (48th pick) of the 1986 NBA Draft.

  Drafted Carlos Briggs in the 4th round (79th pick) of the 1986 NBA Draft.

  Drafted Earl Kelley in the 5th round (102nd pick) of the 1986 NBA Draft.

  Drafted Kevin Lewis in the 6th round (125th pick) of the 1986 NBA Draft.

  Drafted Michael Anderson in the 7th round (148th pick) of the 1986 NBA Draft.

• June 19, 1986

  Traded Steve Johnson to the Portland Trail Blazers for Larry Krystkowiak and Mychal Thompson.