Transactions listed are from July 1, 1976 to June 30, 1977

• August 5, 1976

  Drafted Bird Averitt from the Kentucky Colonels in the dispersal draft.

  Traded Bird Averitt to the Buffalo Braves for a 1977 2nd round draft pick (Glen Williams was later selected). This trade was for the 7th pick in the ABA dispersal draft.

• September 17, 1976

  Jon McGlocklin retired.

• October 20, 1976

  Waived Jim Fox.

  Waived Clyde Mayes.

• November 2, 1976

  Traded Jim Price to the Buffalo Braves for a 1977 1st round draft pick (Tate Armstrong was later selected).

• November 12, 1976

  Signed Glenn McDonald as a free agent.

• November 22, 1976

  Hired Don Nelson as Head Coach.

  Larry Costello resigns as Head Coach.

  Larry Costello resigns as Head Coach.

• December 6, 1976

  Waived Glenn McDonald.

• December 8, 1976

  Traded a 1977 2nd round draft pick (Wilson Washington was later selected) and a 1978 2nd round draft pick (Maurice Cheeks was later selected) to the Philadelphia 76ers for Fred Carter.

• December 10, 1976

  Waived Mickey Davis.

• January 13, 1977

  Traded Gary Brokaw and Elmore Smith to the Cleveland Cavaliers for Rowland Garrett, a 1977 1st round draft pick (Ernie Grunfeld was later selected) and a 1978 1st round draft pick (George Johnson was later selected).

• June 7, 1977

  Traded Swen Nater and a 1977 1st round draft pick (Tate Armstrong was later selected) to the Buffalo Braves for a 1977 1st round draft pick (Marques Johnson was later selected).

• June 10, 1977

  Drafted Kent Benson in the 1st round (1st pick) of the 1977 NBA Draft.

  Drafted Marques Johnson in the 1st round (3rd pick) of the 1977 NBA Draft.

  Drafted Ernie Grunfeld in the 1st round (11th pick) of the 1977 NBA Draft.

  Drafted Glen Williams in the 2nd round (27th pick) of the 1977 NBA Draft.

  Drafted Gary Yoder in the 3rd round (47th pick) of the 1977 NBA Draft.

  Drafted Lewis Brown in the 4th round (69th pick) of the 1977 NBA Draft.

  Drafted Ron Norwood in the 5th round (91st pick) of the 1977 NBA Draft.

  Drafted Chuck Goodyear in the 6th round (113th pick) of the 1977 NBA Draft.

  Drafted Ron Bostick in the 7th round (134th pick) of the 1977 NBA Draft.

  Drafted Larry Pikes in the 8th round (154th pick) of the 1977 NBA Draft.