Transactions listed are from July 1, 1977 to June 30, 1978

• September 7, 1977

  Released Keith Starr.

• October 5, 1977

  Waived Leon Benbow.

• October 6, 1977

  Waived Phil Hicks.

• October 11, 1977

  Signed Nick Weatherspoon as a free agent.

• October 14, 1977

  Waived John Laskowski.

• October 17, 1977

  Waived Cliff Pondexter.

• October 18, 1977

  Traded a 1978 4th round draft pick (Jeff Covington was later selected) to the New Orleans Jazz for Glenn Hansen.

• November 14, 1977

  Waived Glenn Hansen.

• December 8, 1977

  Signed Jim Ard as a free agent.

  Waived Mike Glenn.

• January 7, 1978

  Signed Cliff Pondexter as a free agent.

• January 23, 1978

  Signed Cazzie Russell as a free agent.

  Waived Nick Weatherspoon.

• February 17, 1978

  Signed Derrek Dickey as a veteran free agent and sent future considerations to the Golden State Warriors as compensation.

• June 6, 1978

  Hired Larry Costello as Head Coach.

• June 9, 1978

  Drafted Reggie Theus in the 1st round (9th pick) of the 1978 NBA Draft.

  Drafted Marvin Johnson in the 2nd round (31st pick) of the 1978 NBA Draft.

  Drafted Randy Ayers in the 3rd round (53rd pick) of the 1978 NBA Draft.

  Drafted Ron Anthony in the 5th round (97th pick) of the 1978 NBA Draft.

  Drafted John Shoemaker in the 6th round (119th pick) of the 1978 NBA Draft.

  Drafted Jarvis Reynolds in the 7th round (140th pick) of the 1978 NBA Draft.

  Drafted Chubby Cox in the 8th round (159th pick) of the 1978 NBA Draft.

  Drafted Joe Ponsetto in the 9th round (176th pick) of the 1978 NBA Draft.

  Drafted Mark Tucker in the 10th round (191st pick) of the 1978 NBA Draft.

• June 30, 1978

  Signed Lars Hansen as a free agent.