Transactions listed are from July 1, 1976 to June 30, 1977

• August 5, 1976

  Traded a 1977 2nd round draft pick (Glen Williams was later selected) to the Milwaukee Bucks for Bird Averitt. This trade was for the 7th pick in the ABA dispersal draft.

• August 25, 1976

  Traded Tom Van Arsdale to the Phoenix Suns for a 1977 2nd round draft pick (Glen Williams was later selected).

• September 10, 1976

  Sold player rights to Jim McMillian to the New York Knicks.

• September 15, 1976

  Signed Fred Foster as a free agent.

• September 22, 1976

  Signed Johnny Neumann as a free agent.

• September 23, 1976

  Signed Major Jones as a free agent.

• September 28, 1976

  Waived Major Jones.

• September 29, 1976

  Waived Bob Weiss.

• October 18, 1976

  Traded a 1978 1st round draft pick (Rick Robey was later selected) to the Portland Trail Blazers for Moses Malone.

• October 20, 1976

  Waived Dale Schlueter.

• October 21, 1976

  Signed Claude Terry as a free agent.

• October 24, 1976

  Traded Moses Malone to the Houston Rockets for a 1977 1st round draft pick (Wesley Cox was later selected) and a 1978 1st round draft pick (Micheal Ray Richardson was later selected).

• November 2, 1976

  Traded a 1977 1st round draft pick (Tate Armstrong was later selected) to the Milwaukee Bucks for Jim Price.

• November 9, 1976

  Signed Clyde Mayes as a free agent.

  Waived Johnny Neumann.

• November 26, 1976

  Signed Zaid Abdul-Aziz as a veteran free agent.

• November 29, 1976

  Waived Clyde Mayes.

• December 9, 1976

  Traded Bob McAdoo and Tom McMillen to the New York Knicks for John Gianelli and cash.

• December 15, 1976

  Traded Jim Price to the Denver Nuggets for Gus Gerard and Chuck Williams.

• January 18, 1977

  Traded a 1977 1st round draft pick (Wesley Cox was later selected) to the Golden State Warriors for George Johnson.

• January 20, 1977

  Waived Zaid Abdul-Aziz.

• January 25, 1977

  Appointed Bob MacKinnon as Interim Head Coach.

  Fired Tates Locke as Head Coach.

• February 1, 1977

  Sold player rights to Claude Terry to the Atlanta Hawks.

• February 16, 1977

  Appointed Joe Mullaney as Interim Head Coach.

• June 7, 1977

  Traded a 1977 1st round draft pick (Marques Johnson was later selected) to the Milwaukee Bucks for Swen Nater and a 1977 1st round draft pick (Tate Armstrong was later selected).

• June 10, 1977

  Drafted Larry Johnson in the 2nd round (24th pick) of the 1977 NBA Draft.

  Drafted Melvin Watkins in the 4th round (68th pick) of the 1977 NBA Draft.

  Drafted Mike Hanley in the 5th round (90th pick) of the 1977 NBA Draft.

  Drafted Curvan Lewis in the 6th round (112th pick) of the 1977 NBA Draft.

  Drafted Mike Jackson in the 7th round (133rd pick) of the 1977 NBA Draft.

  Drafted Emery Sammons in the 8th round (153rd pick) of the 1977 NBA Draft.

  Traded a 1977 1st round draft pick (Tate Armstrong was later selected) to the Chicago Bulls for a 1977 2nd round draft pick (Larry Johnson was later selected).

  Traded a 1977 3rd round draft pick (James Edwards was later selected) to the Los Angeles Lakers for Johnny Neumann.