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

• October 15, 1981

  Traded a 1982 3rd round draft pick (Hutch Jones was later selected) to the Los Angeles Lakers for Butch Carter.

• October 21, 1981

  Signed Raymond Townsend as a free agent.

• December 22, 1981

  Waived Raymond Townsend.

• December 25, 1981

  Signed Raymond Townsend as a free agent.

• January 20, 1982

  Sold player rights to Mike Bantom to the Philadelphia 76ers.

• June 29, 1982

  Drafted Clark Kellogg in the 1st round (8th pick) of the 1982 NBA Draft.

  Drafted Guy Morgan in the 2nd round (40th pick) of the 1982 NBA Draft.

  Drafted Jose Slaughter in the 2nd round (43rd pick) of the 1982 NBA Draft.

  Drafted Jeff Jones in the 4th round (77th pick) of the 1982 NBA Draft.

  Drafted Rich DiBenedetto in the 5th round (100th pick) of the 1982 NBA Draft.

  Drafted Jeff Clark in the 6th round (123rd pick) of the 1982 NBA Draft.

  Drafted Brad Leaf in the 7th round (146th pick) of the 1982 NBA Draft.

  Drafted Donald Reese in the 8th round (169th pick) of the 1982 NBA Draft.

  Drafted Mike Scearce in the 9th round (192nd pick) of the 1982 NBA Draft.

  Drafted Craig Summers in the 10th round (213th pick) of the 1982 NBA Draft.