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

• August 1, 1978

  Signed Ron Davis as a free agent.

• September 21, 1978

  Traded Slick Watts to the Houston Rockets for a 1981 1st round draft pick (Danny Schayes was later selected).

• October 1, 1978

  Waived Ron Davis.

• October 4, 1978

  Waived Fred Saunders.

• October 10, 1978

  Waived Freddie Boyd.

• October 11, 1978

  Waived John Douglas.

• October 30, 1978

  Signed Ira Terrell as a free agent.

  Waived Gus Bailey.

• January 5, 1979

  Traded Joe Meriweather to the New York Knicks for Spencer Haywood.

• January 12, 1979

  Traded Truck Robinson to the Phoenix Suns for Marty Byrnes, Ron Lee, a 1979 1st round draft pick (Larry Knight was later selected) and a 1980 1st round draft pick (John Duren was later selected).

• January 15, 1979

  Waived Ira Terrell.

• April 12, 1979

  Fired Elgin Baylor as Head Coach.

• June 22, 1979

  Traded Rickey Williams to the Chicago Bulls for Wilbur Holland.

• June 25, 1979

  Drafted Larry Knight in the 1st round (20th pick) of the 1979 NBA Draft.

  Drafted Tico Brown in the 2nd round (23rd pick) of the 1979 NBA Draft.

  Drafted Arvid Kramer in the 3rd round (45th pick) of the 1979 NBA Draft.

  Drafted Greg Deane in the 4th round (67th pick) of the 1979 NBA Draft.

  Drafted Perry Wolfe in the 5th round (89th pick) of the 1979 NBA Draft.

  Drafted Ernie Cobb in the 6th round (109th pick) of the 1979 NBA Draft.

  Drafted Paul Poe in the 7th round (129th pick) of the 1979 NBA Draft.

  Drafted Keith McDonald in the 8th round (148th pick) of the 1979 NBA Draft.

  Drafted Milt Huggins in the 9th round (167th pick) of the 1979 NBA Draft.

  Drafted Paul Dawkins in the 10th round (185th pick) of the 1979 NBA Draft.

• June 28, 1979

  Signed Allan Bristow as a veteran free agent and sent Paul Griffin to the San Antonio Spurs as compensation.