Transactions listed are from July 1, 1978 to June 30, 1979

• August 24, 1978

  Signed Derrek Dickey as a free agent.

• September 14, 1978

  Waived Carlos Terry.

• October 12, 1978

  Released Derrek Dickey.

• October 27, 1978

  Signed Jim Price as a veteran free agent and sent a 1980 2nd round draft pick (Brad Branson was later selected) to the Detroit Pistons as compensation.

  Waived Brad Davis.

• June 25, 1979

  Drafted Magic Johnson in the 1st round (1st pick) of the 1979 NBA Draft.

  Drafted Brad Holland in the 1st round (14th pick) of the 1979 NBA Draft.

  Drafted Ollie Mack in the 2nd round (25th pick) of the 1979 NBA Draft.

  Drafted Victor King in the 2nd round (39th pick) of the 1979 NBA Draft.

  Drafted Mark Young in the 2nd round (41st pick) of the 1979 NBA Draft.

  Drafted Walter Daniels in the 3rd round (60th pick) of the 1979 NBA Draft.

  Drafted Ray White in the 4th round (79th pick) of the 1979 NBA Draft.

  Drafted Ricky Reed in the 4th round (81st pick) of the 1979 NBA Draft.

  Reassigned Head Coach Jerry West.

• July 30, 1979

  Hired Jack McKinney as Head Coach.