Search Results
| Date | Team | Acquired | Relinquished | Notes |
| 1986-10-28 | Pacers | • Bill Martin | waived | |
| 1986-10-28 | Pacers | • Walker Russell (Sr.) | waived | |
| 1986-12-29 | Pacers | • Pete Verhoeven | signed free agent to a 10-day contract | |
| 1987-01-01 | Pacers | • Michael Brooks | signed free agent to a 10-day contract (Clippers retained right of first refusal) | |
| 1987-01-07 | Pacers | • Pete Verhoeven | re-signed to a second 10-day contract | |
| 1987-01-10 | Pacers | • Pete Verhoeven | waived | |
| 1987-01-12 | Pacers | • Michael Brooks | re-signed to a second 10-day contract | |
| 1987-01-21 | Pacers | • Michael Brooks | waived | |
| 1987-06-16 | Pacers | • Steve Stipanovich | re-signed | |
| 1987-06-21 | Pacers | • Scott Skiles | • 1989 second round pick (#34-Gary Leonard) | trade with Bucks |
| 1987-06-22 | Pacers | • Reggie Miller | 1987 NBA draft first round pick (#11 overall) | |
| 1987-06-22 | Pacers | • Brian Rowsom | 1987 NBA draft second round pick (#34 overall) | |
| 1987-06-22 | Pacers | • Sean Couch | 1987 NBA draft third round pick (#60 overall) | |
| 1987-06-22 | Pacers | • Mike Milling | 1987 NBA draft fifth round pick (#103 overall) | |
| 1987-06-22 | Pacers | • Gary Graham | 1987 NBA draft sixth round pick (#126 overall) | |
| 1987-06-22 | Pacers | • Montel Hatcher | 1987 NBA draft seventh round pick (#149 overall) | |
| 1987-07-02 | Pacers | • Kyle Macy | team declined to tender contract (retained right of first refusal) | |
| 1987-08-08 | Pacers | • Reggie Miller | signed first round pick | |
| 1987-08-12 | Pacers | • Clark Kellogg | retired | |
| 1987-09-08 | Pacers | • Vern Fleming | re-signed to a 4-year contract extension | |
| 1987-10-05 | Pacers | • Clinton Wheeler | signed free agent | |
| 1987-10-11 | Pacers | • Gary Graham | waived | |
| 1987-10-11 | Pacers | • Jim Thomas | waived | |
| 1987-10-11 | Pacers | • Montel Hatcher | waived | |
| 1987-10-11 | Pacers | • Sean Couch | waived |