Transactions listed are from July 1, 1988 to
June 30, 1989.
- July 6, 1988
Released T.R. Dunn.
Signed Walter Davis as an unrestricted free agent.
- October 5, 1988
Signed Clinton Wheeler as a free agent.
Signed Wayne Englestad as a free agent.
- October 6, 1988
Signed Elston Turner as a free agent.
- November 3, 1988
Waived Todd Mitchell.
Waived Clinton Wheeler.
- November 4, 1988
Signed Eddie Hughes as a free agent.
- December 27, 1988
Waived Eddie Hughes.
Waived Wayne Englestad.
- January 2, 1989
Signed Eddie Hughes to the first of two 10-day contracts.
- January 26, 1989
- June 15, 1989
- June 27, 1989
Drafted Reggie Turner in the 2nd round (47th pick) of the 1989 NBA Draft.
Drafted Michael Cutright in the 2nd round (42nd pick) of the 1989 NBA Draft.
Drafted Todd Lichti in the 1st round (15th pick) of the 1989 NBA Draft.