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

• August 1, 1980

  Signed Jeff Wilkins as a free agent.

• August 8, 1980

  Dennis Awtrey signed as a veteran free agent with the Seattle SuperSonics; received a 1981 2nd round draft pick (Ed Rains was later selected) as compensation.

• September 9, 1980

  Waived John Mengelt.

• September 12, 1980

  Signed Larry Kenon as a veteran free agent and sent a 1981 2nd round draft pick (Gene Banks was later selected) and a 1981 2nd round draft pick (Ed Rains was later selected) to the San Antonio Spurs as compensation.

• October 6, 1980

  Waived Jeff Wilkins.

• October 8, 1980

  Acquired player rights to Bob Wilkerson from the Denver Nuggets.

• October 23, 1980

  Waived Ollie Mack.

• November 3, 1980

  Signed Ricky Sobers as a free agent.

• November 21, 1980

  Ollie Johnson signed as a veteran free agent with the Philadelphia 76ers; received cash as compensation.

• June 8, 1981

  Traded a 1981 1st round draft pick (Al Wood was later selected) and a 1981 2nd round draft pick (Clyde Bradshaw was later selected) to the Atlanta Hawks for a 1981 1st round draft pick (Orlando Woolridge was later selected) and a 1982 2nd round draft pick (Ricky Frazier 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 Orlando Woolridge in the 1st round (6th pick) of the 1981 NBA Draft.

  Drafted Mike Olliver in the 2nd round (32nd pick) of the 1981 NBA Draft.

  Drafted Oliver Lee in the 4th round (84th pick) of the 1981 NBA Draft.

  Drafted Johnny Nash in the 5th round (108th pick) of the 1981 NBA Draft.

  Drafted Roger Burkman in the 6th round (130th pick) of the 1981 NBA Draft.

  Drafted Scott Williams in the 7th round (154th pick) of the 1981 NBA Draft.

  Drafted Ben Mitchell in the 8th round (175th pick) of the 1981 NBA Draft.

  Drafted Terry Martin in the 9th round (197th pick) of the 1981 NBA Draft.

  Drafted Kenny Easley in the 10th round (216th pick) of the 1981 NBA Draft.

• June 10, 1981

  Traded Michael Olliver to the Indiana Pacers for Ray Blume and a 1982 2nd round draft pick (Rod Higgins was later selected).

• June 20, 1981

  Bob Wilkerson signed as a veteran free agent with the Cleveland Cavaliers; received FROM_TRADE as compensation.