Transactions listed are from July 1, 1986 to
June 30, 1987.
- September 18, 1986
Signed Adrian Branch as a free agent.
- September 26, 1986
Waived Maurice Lucas.
- September 30, 1986
Mitch Kupchak retired.
- October 2, 1986
- October 8, 1986
- October 13, 1986
Signed Wes Matthews as a free agent.
- October 28, 1986
Waived Andre Turner.
- November 7, 1986
Signed Mike Smrek as a free agent.
- February 13, 1987
Traded Frank Brickowski, Petur Gudmundsson, a 1987 1st round draft pick (Greg Anderson was later selected) and a 1990 2nd round draft pick (Sean Higgins was later selected) to the San Antonio Spurs for Mychal Thompson.
- June 22, 1987
Drafted Ralph Tally in the 4th round (92nd pick) of the 1987 NBA Draft.
Drafted Willie Glass in the 3rd round (69th pick) of the 1987 NBA Draft.
Drafted Ron Vanderschaaf in the 7th round (161st pick) of the 1987 NBA Draft.
Drafted Frank Ford in the 6th round (138th pick) of the 1987 NBA Draft.
Drafted Kenny Travis in the 6th round (115th pick) of the 1987 NBA Draft.