Transactions listed are from July 1, 1975 to June 30, 1976

• August 1, 1975

  Waived Zaid Abdul-Aziz.

• November 13, 1975

  Traded Steve Hawes to the Portland Trail Blazers for John Johnson.

• November 27, 1975

  Waived Cliff Meely.

• April 20, 1976

  Fired Johnny Egan as Head Coach.

  Hired Tom Nissalke as Head Coach.

• June 7, 1976

  Traded Gus Bailey, Joe Meriweather and a 1976 1st round draft pick (Armond Hill was later selected) to the Atlanta Hawks for Dwight Jones and a 1976 1st round draft pick (John Lucas was later selected).

• June 8, 1976

  Drafted John Lucas in the 1st round (1st pick) of the 1976 NBA Draft.

  Drafted Phil Hicks in the 2nd round (27th pick) of the 1976 NBA Draft.

  Drafted Barnes Hauptfuhrer in the 3rd round (44th pick) of the 1976 NBA Draft.

  Drafted Hercle Ivy in the 4th round (61st pick) of the 1976 NBA Draft.

  Drafted Dave Marrs in the 5th round (78th pick) of the 1976 NBA Draft.

  Drafted Robert Paige in the 6th round (96th pick) of the 1976 NBA Draft.

  Drafted Barry Davis in the 7th round (114th pick) of the 1976 NBA Draft.

  Drafted Dan Krueger in the 8th round (132nd pick) of the 1976 NBA Draft.