Transactions listed are from July 1, 1986 to
June 30, 1987.
- August 14, 1986
- August 26, 1986
Signed Cozell McQueen as a free agent.
Signed McKinley Singleton as a free agent.
- October 2, 1986
- October 20, 1986
Waived Cozell McQueen.
Waived Fred Cofield.
- October 28, 1986
Waived Michael Jackson.
- October 30, 1986
- November 12, 1986
Traded a 1987 1st round draft pick (Scottie Pippen was later selected) and a 1990 2nd round draft pick (Steve Henson was later selected) to the Seattle SuperSonics for Gerald Henderson and a 1987 1st round draft pick (Mark Jackson was later selected).
- November 14, 1986
Waived McKinley Singleton.
- December 1, 1986
Fired Hubie Brown as Head Coach.
Appointed Bob Hill as Interim Head Coach.
- January 3, 1987
Signed Stewart Granger as a free agent.
- February 22, 1987
Signed Eddie Lee Wilkins to a 10-day contract.
- March 4, 1987
Signed Eddie Lee Wilkins as a free agent.
- March 21, 1987
Signed Brad Wright as a free agent.
- March 29, 1987
Signed Bill Martin to the first of two 10-day contracts.
- June 22, 1987
Drafted Mark Jackson in the 1st round (18th pick) of the 1987 NBA Draft.
Drafted Ron Moore in the 2nd round (25th pick) of the 1987 NBA Draft.
Drafted Jerome Batiste in the 3rd round (49th pick) of the 1987 NBA Draft.
Drafted Mike Morgan in the 4th round (71st pick) of the 1987 NBA Draft.
Drafted Glenn Clem in the 5th round (95th pick) of the 1987 NBA Draft.
Drafted Howard Triche in the 6th round (117th pick) of the 1987 NBA Draft.
Drafted Wayne Williams in the 7th round (141st pick) of the 1987 NBA Draft.