Transactions listed are from July 1, 1988 to
June 30, 1989.
- August 2, 1988
Signed Tree Rollins as an unrestricted free agent.
- June 15, 1989
Lost Gunther Behnke to the Minnesota Timberwolves in the NBA expansion draft.
- June 27, 1989
Drafted John Morton in the 1st round (25th pick) of the 1989 NBA Draft.
Drafted Chucky Brown in the 2nd round (43rd pick) of the 1989 NBA Draft.