Transactions listed are from July 1, 1986 to
June 30, 1987.
- August 8, 1986
- August 14, 1986
Signed James Bailey as a veteran free agent.
- September 3, 1986
Signed Tony Brown as a free agent.
- September 11, 1986
Signed Pace Mannion as a free agent.
- September 22, 1986
Signed Ben Coleman as a free agent.
- October 2, 1986
Signed Orlando Woolridge as a veteran free agent and sent a 1988 2nd round draft pick (Shelton Jones was later selected), a 1989 1st round draft pick (Stacey King was later selected) and a 1989 2nd round draft pick (Stanley Brundy was later selected) to the Chicago Bulls as compensation.
- October 30, 1986
- December 9, 1986
Signed Kevin McKenna as a free agent.
- January 22, 1987
Signed Chris Engler as a free agent.
- February 17, 1987
Waived Pace Mannion.
- June 22, 1987
Drafted Dennis Hopson in the 1st round (3rd pick) of the 1987 NBA Draft.
Drafted Jamie Waller in the 3rd round (48th pick) of the 1987 NBA Draft.
Drafted Andrew Moten in the 4th round (72nd pick) of the 1987 NBA Draft.
Drafted James Blackmon in the 5th round (94th pick) of the 1987 NBA Draft.
Drafted Perry Bromwell in the 6th round (118th pick) of the 1987 NBA Draft.
Drafted Frank Booker in the 7th round (140th pick) of the 1987 NBA Draft.