- October 1, 1987
Signed World B. Free as a free agent.
- October 9, 1987
Signed Lester Conner as a veteran free agent and sent a 1988 2nd round draft pick (Keith Smart was later selected) to the Golden State Warriors as compensation.
Signed Andre Turner as a free agent.
- November 5, 1987
Traded Dave Feitl and a 1989 1st round draft pick (Dana Barros was later selected) to the Golden State Warriors for Purvis Short.
Dirk Minniefield signed as a veteran free agent with the Golden State Warriors; received FROM_TRADE as compensation.
Waived Anthony Bowie.
Waived Doug Lee.
- December 7, 1987
Waived Richard Anderson.
- December 9, 1987
Richard Anderson claimed on waivers by the Portland Trail Blazers.
- December 12, 1987
Traded Steve Harris and Ralph Sampson to the Golden State Warriors for Joe Barry Carroll, Sleepy Floyd and cash.
- June 6, 1988
Fired Bill Fitch as Head Coach.
- June 13, 1988
Hired Don Chaney as Head Coach.
- June 23, 1988
Lost Andre Turner to the Miami Heat in the NBA expansion draft.
- June 28, 1988
Drafted Derrick Chievous in the 1st round (16th pick) of the 1988 NBA Draft.