Transactions listed are from July 1, 1988 to
June 30, 1989.
- September 22, 1988
Released Elston Turner.
Released Rory Sparrow.
- September 27, 1988
Signed Anthony Jones as a free agent.
Signed Charles Davis as a free agent.
Signed Ed Nealy as a free agent.
Signed David Wood as a free agent.
- October 28, 1988
John Fox claimed on waivers by the Golden State Warriors.
- November 17, 1988
Waived David Wood.
- November 21, 1988
Waived Anthony Jones.
- December 14, 1988
- April 15, 1989
Signed Dominic Pressley as a free agent.
- April 23, 1989
Released Dominic Pressley.
- June 15, 1989
- June 26, 1989
- June 27, 1989
Drafted Stacey King in the 1st round (6th pick) of the 1989 NBA Draft.
Drafted B.J. Armstrong in the 1st round (18th pick) of the 1989 NBA Draft.
Drafted Jeff Sanders in the 1st round (20th pick) of the 1989 NBA Draft.