Three of the Melbourne-based clubs rebranded themselves in the off season, with the Nundawading Spectres renaming themselves to Eastside Spectres, Coburg Giants became North Melbourne Giants and the St. Kilda Saints became Westside Saints.
The 1987 regular season took place over 22 rounds between 24 April 1987 and 20 September 1987.
Updated to match(es) played on 20 September 1987.
Source: NBL.com.au The NBL tie-breaker system as outlined in the NBL Rules and Regulations states that in the case of an identical win–loss record, the results in games played between the teams will determine order of seeding.
1Head-to-Head between Brisbane Bullets and Illawarra Hawks (1-1).