Transactions listed are from July 1, 1986 to
June 30, 1987.
- August 21, 1986
Traded Kent Benson and Kelly Tripucka to the Utah Jazz for Adrian Dantley, a 1987 2nd round draft pick (Norris Coleman was later selected) and a 1990 2nd round draft pick (Phil Henderson was later selected).
- September 15, 1986
Signed Jim Thomas as a free agent.
- September 29, 1986
Signed Joe Binion as a free agent.
- September 30, 1986
- October 22, 1986
Signed John Schweitz as a free agent.
Waived Jim Thomas.
- October 29, 1986
Waived Joe Binion.
- November 17, 1986
Signed Jeff Taylor as a free agent.
Waived John Schweitz.
- January 7, 1987
Signed Cozell McQueen to the first of two 10-day contracts.
- January 29, 1987
- February 10, 1987
Waived Jeff Taylor.
- June 21, 1987
- June 22, 1987
Drafted Fred Banks in the 2nd round (24th pick) of the 1987 NBA Draft.
Drafted Eric White in the 3rd round (65th pick) of the 1987 NBA Draft.
Drafted Dave Popson in the 4th round (88th pick) of the 1987 NBA Draft.
Drafted Gerry Wright in the 5th round (111th pick) of the 1987 NBA Draft.
Drafted Antoine Joubert in the 6th round (134th pick) of the 1987 NBA Draft.
Drafted Mark Gottfried in the 7th round (157th pick) of the 1987 NBA Draft.