1987 in basketball

Regular Season MVP

 * Magic Johnson, Los Angeles Lakers

NBA Finals MVP

 * Magic Johnson, Los Angeles Lakers

Slam Dunk Contest

 * Michael Jordan, Chicago Bulls

Three-point Shootout

 * Larry Bird, Boston Celtics

Collegiate awards

 * Men
 * John R. Wooden Award: David Robinson, Navy
 * Naismith College Coach of the Year: Bob Knight, Indiana
 * Frances Pomeroy Naismith Award: Muggsy Bogues, Wake Forest
 * Associated Press College Basketball Player of the Year: David Robinson, Navy
 * NCAA basketball tournament Most Outstanding Player: Danny Manning, Kansas
 * Associated Press College Basketball Coach of the Year: Tom Davis, Iowa
 * Naismith Outstanding Contribution to Basketball: Pete Newell
 * Women
 * Naismith College Player of the Year: Clarissa Davis, Texas
 * Naismith College Coach of the Year: Pat Summitt, Tennessee
 * Wade Trophy: Shelly Pennefather, Villanova
 * Frances Pomeroy Naismith Award: Rhonda Windham, USC
 * NCAA basketball tournament Most Outstanding Player: Tonya Edwards, Tennessee
 * Carol Eckman Award: Jody Conradt, Texas

Naismith Memorial Basketball Hall of Fame

 * Class of 1987:
 * Rick Barry
 * Walt Frazier
 * Bob Houbregs
 * Pete Maravich
 * Bobby Wanzer

Births

 * March 18 - C. J. Miles, NBA player
 * June 22 - Danny Green, NBA player
 * October 5 - Brandon Wright, NBA player
 * October 11 - Mike Conley Jr., NBA player
 * November 3 - Ty Lawson, NBA player
 * November 10 - D. J. Augustin, NBA player

Deaths

 * April 7 — Pick Dehner, American NBL player (Hammond Ciesar All-Americans), college All-American (Illinois) and high school coach (born 1914)
 * April 15 — Press Maravich, American college and professional player and coach (born 1915)
 * May 7 — Phil Woolpert, American Hall of Fame college coach (San Francisco) (born 1915)
 * June 5 — Joe Bradley, American NBA player (Chicago Stags) (born 1928)
 * June 13 — Johnny High, American NBA player (Phoenix Suns) (born 1957)
 * August 16 — Nick Vanos, American NBA player (Phoenix Suns) (born 1963)