Transactions listed are from July 1, 1970 to June 30, 1971

• August 28, 1970

  Claimed Fred Hetzel on waivers from the Portland Trail Blazers.

• October 7, 1970

  Acquired player rights to Pat Riley from the Portland Trail Blazers.

• November 11, 1970

  Traded John Tresvant to the Baltimore Bullets for a 1972 2nd round draft pick (Paul Stovall was later selected).

• March 29, 1971

  Drafted Jim Cleamons in the 1st round (13th pick) of the 1971 NBA Draft.

  Drafted Roger Brown in the 4th round (64th pick) of the 1971 NBA Draft.

  Drafted Lee Dedmon in the 5th round (81st pick) of the 1971 NBA Draft.

  Drafted Bill Brickhouse in the 6th round (98th pick) of the 1971 NBA Draft.

  Drafted Gene Gathers in the 7th round (115th pick) of the 1971 NBA Draft.

  Drafted Luke Adams in the 8th round (132nd pick) of the 1971 NBA Draft.

  Drafted Bob Cheeks in the 9th round (148th pick) of the 1971 NBA Draft.

  Drafted Cliff Mosley in the 10th round (164th pick) of the 1971 NBA Draft.

  Drafted Joe Hammond 5th overall in the 1971 NBA Hardship Draft.

  Traded a 1971 2nd round draft pick (Joe Bergman was later selected) to the Cincinnati Royals for Flynn Robinson.

• June 3, 1971

  Fired Joe Mullaney as Head Coach.