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| February 11 |
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Miami hosts 1990 All Star Game. |
| March 1 |
Waived forward/center Pat Cummings. |
| March 8 |
Signed forward Jim Rowinski for remainder of season. |
| March 12 |
Center Rony Seikaly is named NBA Player of the Week for the week ending March 11, making him the first player from any of the four new expansion clubs to be accorded this honor. |
| April 13 |
Re-signed guard Rory Sparrow. |
| May 8 |
Rony Seikaly is named Most Improved Player in the NBA for the 1989-90 season. |
| May 12 |
Guard Sherman Douglas is named to the 1990 All-Rookie First Team. Guard/forward Glen Rice is named to the second team. |
| June 22 |
Traded its 1990 first-round selection, third overall, to the Denver Nuggets in exchange for Washington's 1990 first (Willie Burton) and Denver's 1990 first (Dave Jamerson). Denver acquired Washington's pick in a prior trade with Dallas. |
| June 27 |
The HEAT selects guard/forward Willie Burton from the University of Minnesota with the ninth pick in the NBA Draft. Miami also selects guard Dave Jamerson from Ohio University in the first round (15th overall) and forward Carl Herrera from the University of Houston in the second round (30th overall). Traded the draft rights to Dave Jamerson and Carl Herrera to the Houston Rockets in exchange for the draft rights to forward/center Alec Kessler. Traded guard Rory Sparrow to the Sacramento Kings in exchange for the draft rights to guard Vernell "Bimbo" Coles. |
| July 1 |
Did not retain right-of-first-refusal on forwards Tellis Frank and Jim Rowinski. |
| August 1 |
The team announces that Miami HEAT games will be broadcast in Spanish on WRFM Radio (830 AM). |
| August 7 |
Signed guard/forward Keith Askins. |
| August 10 |
Waived guard Scott Haffner. |
| August 16 |
Signed center Alan Ogg. |
| August 22 |
Signed forward John "Hot Rod" Williams of the Cleveland Cavaliers, a restricted veteran free agent, to an offer sheet. |
| August 23 |
Signed guard Milt Wagner. |
| September 6 |
Cleveland matches Miami's offer sheet to John "Hot Rod" Williams and retains his rights. |
| September 27 |
Signed first-round pick Willie Burton. |
| October 2 |
Acquired forward Jeff Sanders from the Chicago Bulls in exchange for future considerations. |
| October 4 |
Re-signed forward Terry Davis. |
| October 5 |
Signed forward/center Alec Kessler and guard Dwight Pernell. |
| October 8 |
Signed guard Bimbo Coles. |
| October 17 |
Waived guard Dwight Pernell. |
| October 30 |
Waived forward Jeff Sanders. |
| November 1 |
Placed center Alan Ogg (periostitis of left tibia) and guard/forward Keith Askins (stress fracture in left heel) on the injured list. |
| December 3 |
Waived center Alan Ogg. |
| December 5 |
Activated guard/forward Keith Askins from the injured list. Waived guard Milt Wagner. |
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