Transactions listed are from July 1, 1987 to
June 30, 1988.
- October 7, 1987
Signed Jeff Lamp as a veteran free agent and sent a 1988 3rd round draft pick (Archie Marshall was later selected) to the San Antonio Spurs as compensation.
Signed Milt Wagner as a free agent.
- November 5, 1987
Sold Adrian Branch to the New Jersey Nets.
- December 12, 1987
Signed Ray Tolbert as a free agent.
- March 14, 1988
Waived Ray Tolbert.
- March 30, 1988
Signed Tony Campbell as a free agent.
- June 23, 1988
Traded a 1992 2nd round draft pick (Matt Geiger was later selected) to the Miami Heat. Miami agreed not to select Kareem Abdul-Jabbar in the expansion draft.
Lost Billy Thompson to the Miami Heat in the NBA expansion draft.
- June 28, 1988
Drafted David Rivers in the 1st round (25th pick) of the 1988 NBA Draft.