Search Results
| Date | Team | Acquired | Relinquished | Notes |
| 1985-11-04 | Suns | Devin Durrant | waived (date 10/4 per Pacers media guide) | |
| 1985-11-04 | Suns | Michael Holton | waived | |
| 1985-12-10 | Suns | Charles Pittman | waived | |
| 1985-12-13 | Suns | Charles Pittman | signed | |
| 1986-03-29 | Suns | Sedric Toney | signed free agent | |
| 1986-06-08 | Suns | Rod Foster | waived | |
| 1986-06-17 | Suns | Damon Goodwin | sixth round pick (#124 overall) | |
| 1986-06-17 | Suns | Grant Gondrezick | fourth round pick (#77 overall) | |
| 1986-06-17 | Suns | Greg Spurling | fifth round pick (#101 overall) | |
| 1986-06-17 | Suns | Jeff Hornacek | second round pick (#46 overall) | |
| 1986-06-17 | Suns | Joe Ward | second round pick (#31 overall) | |
| 1986-06-17 | Suns | Kenny Gattison | third round pick (#55 overall) | |
| 1986-06-17 | Suns | Rafael Addison | second round pick (#39 overall) | |
| 1986-06-17 | Suns | William Bedford | first round pick (#6 overall) | |
| 1986-07-31 | Suns | Rick Robey | team declined option on final year of contract, making player a free agent | |
| 1986-08-01 | Suns | William Bedford | signed first round pick to a 4-year, $2.7M contract (date approximate) | |
| 1986-08-13 | Suns | Charles Pittman | signed with Italian Basketball League | |
| 1986-09-02 | Suns | Georgi Glouchkov | suspended by team after signing with Italian Basketball League | |
| 1986-10-01 | Suns | Walter Davis (P.) | re-signed to a 2-year contract with a 1-year option | |
| 1986-10-23 | Suns | Sedric Toney | waived | |
| 1986-10-28 | Suns | Charles Jones (A.) | waived | |
| 1987-02-26 | Suns | John MacLeod | fired as head coach | |
| 1987-02-26 | Suns | Dick Van Arsdale | named interim head coach | |
| 1987-04-27 | Suns | Dick Van Arsdale | fired as interim head coach | |
| 1987-04-27 | Suns | John Wetzel | promoted to head coach, signed to a 2-year contract with 2 option years |
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