Search Results
| Date | Team | Acquired | Relinquished | Notes |
| 1988-10-19 | Rockets | • Jim Grandholm | signed free agent | |
| 1988-10-26 | Rockets | • Chuck Nevitt | signed free agent | |
| 1988-10-31 | Rockets | • Ron Cavenall | waived | |
| 1988-10-31 | Rockets | • Steve Hayes | waived | |
| 1988-11-01 | Rockets | • Jim Grandholm | waived | |
| 1988-11-02 | Rockets | • Tony Brown (William) • Tim McCormick • Frank Johnson • Lorenzo Romar |
• Joe Barry Carroll • Lester Conner |
trade with Nets |
| 1988-11-03 | Rockets | • Lorenzo Romar | waived | |
| 1989-02-02 | Rockets | • Tony Brown (William) | waived | |
| 1989-02-02 | Rockets | • Walter Berry | signed free agent | |
| 1989-02-03 | Rockets | • Calvin Murphy | hired as assistant coach/shooting & community relations | |
| 1989-02-14 | Rockets | • Bernard Thompson | waived | |
| 1989-06-15 | Rockets | • Frank Johnson | lost in 1989 NBA expansion draft (to Magic) | |
| 1989-07-11 | Rockets | • Larry Smith | signed unrestricted free agent (from Warriors) to a 3-year, $2.5M contract | |
| 1989-08-02 | Rockets | • Adrian Caldwell | signed | |
| 1989-08-02 | Rockets | • Byron Dinkins | signed | |
| 1989-08-15 | Rockets | • Anthony Bowie | • cash | trade with Spurs |
| 1989-08-17 | Rockets | • John Lucas Jr. | signed unrestricted free agent to a 2-year contract | |
| 1989-08-18 | Rockets | • Jay Burson | signed | |
| 1989-09-11 | Rockets | • Ray Patterson | promoted to president | |
| 1989-09-11 | Rockets | • Steve Patterson | hired as general manager | |
| 1989-09-20 | Rockets | • Purvis Short | lost unrestricted free agent (to Nets) | |
| 1989-09-21 | Rockets | • Lewis Lloyd | re-signed | |
| 1989-09-25 | Rockets | • Mitchell Wiggins | signed | |
| 1989-09-26 | Rockets | • Chuck Nevitt | signed | |
| 1989-12-07 | Rockets | • Lewis Lloyd | waived |