Transactions listed are from July 1, 1995 to June 30, 1996
December 6, 1995
Roy Tarpley was suspended.
January 10, 1996
Signed Reggie Slater to the first of two 10-day contracts.
January 27, 1996
Waived Reggie Slater.
February 1, 1996
Signed David Wood to the first of two 10-day contracts.
February 19, 1996
Waived Donald Hodge.
February 23, 1996
Signed David Wood to a contract for the rest of the season.
May 1, 1996
Reassigned Head Coach Dick Motta.
May 31, 1996
Hired Jim Cleamons as Head Coach.
June 21, 1996
Traded a 1996 1st round draft pick (Antoine Walker was later selected) and a 1997 1st round draft pick (Ron Mercer was later selected) to the Boston Celtics for Eric Montross and a 1996 1st round draft pick (Samaki Walker was later selected).
June 26, 1996
Drafted Samaki Walker in the 1st round (9th pick) of the 1996 NBA Draft.
Drafted Shawn Harvey in the 2nd round (34th pick) of the 1996 NBA Draft.
Drafted Darnell Robinson in the 2nd round (58th pick) of the 1996 NBA Draft.
June 29, 1996
Traded Cherokee Parks to the Minnesota Timberwolves. Minnesota removed the 2nd overall draft pick through 6th overall draft pick protection on the 1st round draft pick obtained for Sean Rooks on November 1, 1994; the draft pick was changed to either 1997 (unless it was the 1st draft pick overall) or 1998.