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

• August 12, 1981

  Traded Rory Sparrow and a 1985 4th round draft pick (John Battle was later selected) to the Atlanta Hawks for a 1982 4th round draft pick (James Griffin was later selected).

• October 20, 1981

  Waived Ed Sherod.

• October 25, 1981

  Signed Ray Williams as a veteran free agent and sent Maurice Lucas to the New York Knicks as compensation.

• October 27, 1981

  Waived Lowes Moore.

• November 2, 1981

  Acquired player rights to Len Elmore from the Milwaukee Bucks.

• November 3, 1981

  Waived Joe Cooper.

• November 10, 1981

  Waived David Burns.

• November 12, 1981

  Traded Mike Woodson and a 1982 1st round draft pick (Brook Steppe was later selected) to the Kansas City Kings for Sam Lacey. Kansas City received the earlier of two 1st round draft picks in 1982 (both owned by New Jersey).

• November 25, 1981

  Traded Ray Tolbert and a 1984 2nd round draft pick (Danny Young was later selected) to the Seattle SuperSonics for James Bailey.

• December 24, 1981

  Traded Bob McAdoo to the Los Angeles Lakers for a 1983 2nd round draft pick (Kevin Williams was later selected).

• April 18, 1982

  Signed Ed Sherod as a free agent.

• June 19, 1982

  Traded a 1983 2nd round draft pick (Pace Mannion was later selected) to the Golden State Warriors for Wayne Sappleton.

• June 29, 1982

  Drafted Sleepy Floyd in the 1st round (13th pick) of the 1982 NBA Draft.

  Drafted Eddie Phillips in the 1st round (21st pick) of the 1982 NBA Draft.

  Drafted Jimmy Black in the 3rd round (59th pick) of the 1982 NBA Draft.

  Drafted James Griffin in the 4th round (80th pick) of the 1982 NBA Draft.

  Drafted Tony Brown in the 4th round (82nd pick) of the 1982 NBA Draft.

  Drafted Chris Giles in the 5th round (105th pick) of the 1982 NBA Draft.

  Drafted Mel Daniel in the 6th round (128th pick) of the 1982 NBA Draft.

  Drafted Tony Anderson in the 7th round (151st pick) of the 1982 NBA Draft.

  Drafted Otis Jackson in the 8th round (174th pick) of the 1982 NBA Draft.

  Drafted Gary Johnson in the 9th round (197th pick) of the 1982 NBA Draft.

  Drafted Sean Tuohy in the 10th round (218th pick) of the 1982 NBA Draft.

  Traded Ray Williams to the Kansas City Kings for Phil Ford.