Search Results
| Date | Team | Acquired | Relinquished | Notes |
| 1986-10-03 | Rockets | • Craig Ehlo | signed | |
| 1986-10-03 | Rockets | • Hank McDowell | re-signed | |
| 1986-10-03 | Rockets | • Richard Anderson | signed veteran free agent | |
| 1986-10-07 | Rockets | • Sam Mitchell | signed free agent | |
| 1986-10-09 | Rockets | • Nuggets agreed to not exercise right of first refusal on free agent Richard Anderson | • 1988 third round pick (#66-Dwight Boyd) | trade with Nuggets |
| 1986-10-22 | Rockets | • Derrick Rowland | waived | |
| 1986-10-22 | Rockets | • Jim Petersen | re-signed free agent to a 3-year contract | |
| 1986-10-23 | Rockets | • 1989 second round pick (possibly #43-Chucky Brown) | • Granville Waiters | trade with Bulls |
| 1986-10-28 | Rockets | • Hank McDowell | waived | |
| 1986-10-28 | Rockets | • Sam Mitchell | waived | |
| 1986-10-30 | Rockets | • Craig Ehlo | waived | |
| 1986-11-04 | Rockets | • Anthony Bowie | waived | |
| 1986-11-16 | Rockets | • Allen Leavell | waived | |
| 1986-12-08 | Rockets | • Dirk Minniefield | • 1989 second or third round pick (#43-Chucky Brown) | trade with Cavaliers |
| 1986-12-23 | Rockets | • Conner Henry | waived | |
| 1987-01-13 | Rockets | • Allen Leavell | signed free agent | |
| 1987-01-16 | Rockets | • Cedric Maxwell | • 1987 first round pick (#13-Joe Wolf) • 1989 second or third round pick (#43-Chucky Brown) |
trade with Clippers |
| 1987-06-11 | Rockets | • Anthony Bowie | signed free agent | |
| 1987-06-22 | Rockets | • Doug Lee | 1987 NBA draft second round pick (#35 overall) | |
| 1987-06-22 | Rockets | • Joe Niego | 1987 NBA draft fourth round pick (#82 overall) | |
| 1987-06-22 | Rockets | • Andre LaFleur | 1987 NBA draft fifth round pick (#104 overall) | |
| 1987-06-22 | Rockets | • Fred Jenkins | 1987 NBA draft sixth round pick (#129 overall) | |
| 1987-06-22 | Rockets | • Clarence Grier | 1987 NBA draft seventh round pick (#151 overall) | |
| 1987-07-05 | Rockets | • Dick Vandervoort | trainer deceased | |
| 1987-10-01 | Rockets | • World B. Free / Lloyd Free | signed free agent |