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

• September 29, 1977

  Waived Monte Towe.

• October 6, 1977

  Received a 1978 3rd round draft pick (Hollis Copeland was later selected) as compensation for the Buffalo Braves signing Ted McClain as a veteran free agent.

• October 11, 1977

  Traded a 1978 1st round draft pick (Dave Corzine was later selected) to the Washington Bullets for Bo Ellis.

• October 17, 1977

  Waived Fatty Taylor.

  Waived Byron Beck.

• November 14, 1977

  Waived Jacky Dorsey.

• January 30, 1978

  Traded a 1979 2nd round draft pick (Clint Richardson was later selected) to the New Jersey Nets for Darnell Hillman.

• February 1, 1978

  Traded Jim Price and a 1979 1st round draft pick (Phil Hubbard was later selected) to the Detroit Pistons for Ralph Simpson.

• April 7, 1978

  Signed Norm Cook as a free agent.

• April 11, 1978

  Waived Norm Cook.

• June 9, 1978

  Drafted Rod Griffin in the 1st round (17th pick) of the 1978 NBA Draft.

  Drafted Mike Evans in the 1st round (21st pick) of the 1978 NBA Draft.

  Drafted Hollis Copeland in the 3rd round (46th pick) of the 1978 NBA Draft.

  Drafted Michael Edwards in the 5th round (106th pick) of the 1978 NBA Draft.

  Drafted Robert Heard in the 6th round (127th pick) of the 1978 NBA Draft.

  Drafted Jack Gilloon in the 7th round (148th pick) of the 1978 NBA Draft.

  Drafted Larry Vaculik in the 8th round (166th pick) of the 1978 NBA Draft.

  Drafted Tom Schneeberger in the 9th round (183rd pick) of the 1978 NBA Draft.

  Drafted Phil Taylor in the 10th round (198th pick) of the 1978 NBA Draft.

  Traded Tom LaGarde to the Seattle SuperSonics for a 1978 1st round draft pick (Rod Griffin was later selected).

• June 26, 1978

  Traded Mike Evans and Darnell Hillman to the Kansas City Kings for Ron Boone and a 1979 2nd round draft pick (Mark Young was later selected).

  Traded Ron Boone, a 1979 2nd round draft pick (Ollie Mack was later selected) and a 1979 2nd round draft pick (Mark Young was later selected) to the Los Angeles Lakers for Charlie Scott.