Transactions listed are from July 1, 1981 to June 30, 1982

• August 6, 1981

  Waived Norman Black.

• August 26, 1981

  Traded Larry Drew to the Kansas City Kings for a 1982 2nd round draft pick (Dave Magley was later selected) and a 1984 2nd round draft pick (Tony Costner was later selected).

• September 25, 1981

  Acquired player rights to Brad Branson from the Dallas Mavericks.

• October 1, 1981

  Traded a 1982 3rd round draft pick (Jerry Eaves was later selected) to the Utah Jazz for Jeff Judkins.

• October 16, 1981

  Waived Keith Herron.

• October 27, 1981

  Waived Brad Branson.

• November 2, 1981

  Signed Glenn Hagan as a free agent.

  Waived Larry Wright.

• November 23, 1981

  Signed Alan Hardy as a free agent.

  Traded Greg Kelser to the Seattle SuperSonics for Vinnie Johnson.

  Waived Glenn Hagan.

• February 16, 1982

  Traded Phil Hubbard, Paul Mokeski, a 1982 1st round draft pick (John Bagley was later selected) and a 1982 2nd round draft pick (Dave Magley was later selected) to the Cleveland Cavaliers for Kenny Carr and Bill Laimbeer.

• February 28, 1982

  Signed Steve Hayes as a free agent.

• June 23, 1982

  Traded Kenny Carr to the Portland Trail Blazers for a 1982 1st round draft pick (Ricky Pierce was later selected).

• June 29, 1982

  Drafted Cliff Levingston in the 1st round (9th pick) of the 1982 NBA Draft.

  Drafted Ricky Pierce in the 1st round (18th pick) of the 1982 NBA Draft.

  Drafted Walker Russell in the 4th round (78th pick) of the 1982 NBA Draft.

  Drafted John Ebeling in the 5th round (101st pick) of the 1982 NBA Draft.

  Drafted Gary Holmes in the 6th round (124th pick) of the 1982 NBA Draft.

  Drafted Dean Marquardt in the 7th round (147th pick) of the 1982 NBA Draft.

  Drafted Brian Nyenhuis in the 8th round (170th pick) of the 1982 NBA Draft.

  Drafted Kevin Smith in the 9th round (193rd pick) of the 1982 NBA Draft.

  Drafted David Coulthard in the 10th round (214th pick) of the 1982 NBA Draft.