[1] [2]Note: GP = Games played, W = Wins, L = Losses, T = Ties, Pts = Points, GF = Goals for, GA = Goals againstNote: Teams that qualified for the playoffs are highlighted in bold.
On January 4, 1989, the Penguins defeated the Red Army team 4–2 at the Civic Arena in an exhibition.
They swept New York Rangers in the Semifinals, but lost to their rivals, the Philadelphia Flyers in seven games.
†Denotes player spent time with another team before joining the Penguins.
Pittsburgh Penguins' picks at the 1988 NHL entry draft.