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

• September 18, 1995

  Traded B.J. Armstrong to the Golden State Warriors for Victor Alexander, Martin Lewis, Michael McDonald, Carlos Rogers and Dwayne Whitfield.

• October 4, 1995

  Released Jerome Kersey.

  Doug Smith signed as an unrestricted free agent with the Boston Celtics.

• October 5, 1995

  Signed Alvin Robertson as a free agent.

• October 6, 1995

  Signed Thomas Hamilton as a free agent.

• October 18, 1995

  Waived Thomas Hamilton.

• November 1, 1995

  Signed Tracy Murray as a free agent.

• November 2, 1995

  Waived Dwayne Whitfield.

• February 2, 1996

  Waived John Salley.

• February 18, 1996

  Traded Victor Alexander and Willie Anderson to the New York Knicks for Doug Christie, Herb Williams and cash.

• February 22, 1996

  Traded Tony Massenburg, Ed Pinckney, a 1996 2nd round draft pick (Ryan Minor was later selected) and a 1997 2nd round draft pick (James Collins was later selected) to the Philadelphia 76ers for Sharone Wright. Philadelphia had the option to swap 1st round draft picks with Toronto in either 1996 or 1997 but did not do so; Philadelphia received a 2nd round draft pick in 1997 instead.

• February 23, 1996

  Signed Dwayne Whitfield as a free agent.

  Waived Herb Williams.

• April 9, 1996

  Signed Dan O'Sullivan to a 10-day contract.

• April 18, 1996

  Waived Dan O'Sullivan.

• April 22, 1996

  Fired Brendan Malone as Head Coach.

  Hired Darrell Walker as Head Coach.

• June 26, 1996

  Drafted Marcus Camby in the 1st round (2nd pick) of the 1996 NBA Draft.