Transactions listed are from July 1, 1980 to June 30, 1981

• July 8, 1980

  Signed Tom Burleson as a veteran free agent and sent a 1981 2nd round draft pick (Eddie Johnson was later selected) to the Kansas City Kings as compensation.

• July 11, 1980

  Signed Art Collins as a free agent.

• September 29, 1980

  Waived Glenn Hagan.

• October 8, 1980

  Waived Art Collins.

• December 2, 1980

  Traded Armond Hill to the Seattle SuperSonics for a 1983 2nd round draft pick (Jim Thomas was later selected) and a 1984 2nd round draft pick (Ben Coleman was later selected).

• January 17, 1981

  Traded Don Collins to the Washington Bullets for Wes Matthews.

• February 3, 1981

  Signed Art Collins as a free agent.

• March 26, 1981

  Appointed Mike Fratello as Interim Head Coach.

  Fired Hubie Brown as Head Coach.

• May 21, 1981

  Hired Kevin Loughery as Head Coach.

• June 4, 1981

  Signed Steve Hawes as a free agent.

• June 8, 1981

  Traded a 1981 1st round draft pick (Orlando Woolridge was later selected) and a 1982 2nd round draft pick (Ricky Frazier was later selected) to the Chicago Bulls for a 1981 1st round draft pick (Al Wood was later selected) and a 1981 2nd round draft pick (Clyde Bradshaw was later selected). Chicago had the option to swap 1st round draft picks with Atlanta in 1982 but did not do so.

• June 9, 1981

  Drafted Al Wood in the 1st round (4th pick) of the 1981 NBA Draft.

  Drafted Clyde Bradshaw in the 2nd round (38th pick) of the 1981 NBA Draft.

  Drafted Rudy Macklin in the 3rd round (52nd pick) of the 1981 NBA Draft.

  Drafted Kevin Figaro in the 4th round (75th pick) of the 1981 NBA Draft.

  Drafted Steve Krafcisin in the 5th round (98th pick) of the 1981 NBA Draft.

  Drafted Darryl Warwick in the 6th round (121st pick) of the 1981 NBA Draft.

  Drafted Kevin Vesey in the 7th round (144th pick) of the 1981 NBA Draft.

  Drafted Gilbert Salinas in the 8th round (167th pick) of the 1981 NBA Draft.

  Drafted Howard Thompkins in the 9th round (189th pick) of the 1981 NBA Draft.

  Drafted Mike Frazier in the 10th round (209th pick) of the 1981 NBA Draft.