Search Results
| Date | Team | Acquired | Relinquished | Notes |
| 1987-10-08 | Rockets | • Robert Reid | re-signed to a 4-year contract extension (date approximate) | |
| 1987-10-09 | Rockets | • Andre Turner | signed free agent | |
| 1987-10-09 | Rockets | • Lester Conner | signed unrestricted veteran free agent | |
| 1987-10-09 | Rockets | • Warriors agreed to not exercise their right of first refusal on free agent Lester Conner | • 1988 second round pick (#41-Keith Smart) | trade with Warriors |
| 1987-10-14 | Rockets | • waived rights to veteran free agent Lester Conner | • 1988 second round pick (#41-Keith Smart) | trade with Warriors |
| 1987-10-30 | Rockets | • Andre LaFleur | waived | |
| 1987-10-30 | Rockets | • Dane Suttle | waived | |
| 1987-11-04 | Rockets | • Rodney McCray | signed to a 6-year contract | |
| 1987-11-05 | Rockets | • Anthony Bowie | waived | |
| 1987-11-05 | Rockets | • Doug Lee | waived | |
| 1987-11-05 | Rockets | • Purvis Short | • Dave Feitl • Rockets right to match offer sheet on free agent Dirk Minniefield • first round pick (lottery protected) (1989 #16-Dana Barros) • cash |
trade with Warriors |
| 1987-12-07 | Rockets | • Richard Anderson | waived | |
| 1987-12-12 | Rockets | • Joe Barry Carroll • Eric Floyd / Sleepy Floyd • cash |
• Ralph Sampson • Steve Harris |
trade with Warriors |
| 1988-06-06 | Rockets | • Bill Fitch | fired as head coach | |
| 1988-06-13 | Rockets | • Don Chaney | hired as head coach | |
| 1988-06-23 | Rockets | • Andre Turner | lost in 1988 NBA expansion draft (to Heat) | |
| 1988-06-28 | Rockets | • Derrick Chievous | 1988 NBA draft first round pick (#16 overall) | |
| 1988-07-15 | Rockets | • World B. Free / Lloyd Free | waived | |
| 1988-07-18 | Rockets | • Bernard Thompson | • Robert Reid • 1990 second round pick (#39-Steve Scheffler) |
trade with Hornets |
| 1988-07-19 | Rockets | • Mike Woodson | signed unrestricted free agent to a 5-year contract | |
| 1988-08-01 | Rockets | • John Killilea | hired as assistant coach / player personnel | |
| 1988-10-07 | Rockets | • Jim Grandholm | • Cedric Maxwell | trade with Bullets |
| 1988-10-11 | Rockets | • Otis Thorpe | • Rodney McCray • Jim Petersen |
trade with Kings |
| 1988-10-14 | Rockets | • Jim Grandholm | waived | |
| 1988-10-14 | Rockets | • Derrick Chievous | signed first round pick to a 3-year contract |