Transactions listed are from July 1, 1995 to June 30, 1996

• September 29, 1995

  Signed Gerard King as a free agent.

  Released Kurt Rambis.

  Released Randolph Keys.

  Released Tony Smith.

  Sam Bowie retired.

• October 3, 1995

  Signed Fred Roberts as a free agent.

• October 26, 1995

  Signed Derek Strong as an unrestricted free agent.

• October 31, 1995

  Waived Gerard King.

• November 1, 1995

  Tony Smith signed as an unrestricted free agent with the Phoenix Suns.

• January 29, 1996

  Signed Magic Johnson as a free agent.

• May 14, 1996

  Magic Johnson retired.

• June 26, 1996

  Drafted Derek Fisher in the 1st round (24th pick) of the 1996 NBA Draft.