Transactions listed are from July 1, 1987 to
June 30, 1988.
- October 6, 1987
Signed Ralph Lewis as a free agent.
- October 8, 1987
Tony Campbell signed as a veteran free agent with the Washington Bullets; received a 1989 2nd round draft pick as compensation. The 2nd round draft pick was contingent upon Campbell making Washington's roster but he did not do so.
- October 27, 1987
- October 29, 1987
- November 26, 1987
- December 12, 1987
Waived Eric White.
- February 24, 1988
- April 24, 1988
Signed Walker Russell as a veteran free agent.
- June 23, 1988
- June 28, 1988
Drafted Fennis Dembo in the 2nd round (30th pick) of the 1988 NBA Draft.
Drafted Micheal Williams in the 2nd round (48th pick) of the 1988 NBA Draft.
Drafted Lee Johnson in the 3rd round (72nd pick) of the 1988 NBA Draft.