Transactions listed are from July 1, 1977 to June 30, 1978

• October 10, 1977

  Signed Jim Cleamons as a veteran free agent and sent Walt Frazier to the Cleveland Cavaliers as compensation.

• October 14, 1977

  Waived Mo Layton.

• November 14, 1977

  Traded Tom McMillen to the Atlanta Hawks for a 1978 2nd round draft pick (John Rudd was later selected).

• June 8, 1978

  Traded Phil Jackson and a 1978 1st round draft pick (Winford Boynes was later selected) to the New Jersey Nets for a 1978 1st round draft pick (Micheal Ray Richardson was later selected) and a 1979 1st round draft pick (Vinnie Johnson was later selected).

• June 9, 1978

  Drafted Micheal Ray Richardson in the 1st round (4th pick) of the 1978 NBA Draft.

  Drafted John Rudd in the 2nd round (32nd pick) of the 1978 NBA Draft.

  Drafted Greg Bunch in the 2nd round (34th pick) of the 1978 NBA Draft.

  Drafted Marc Iavaroni in the 3rd round (55th pick) of the 1978 NBA Draft.

  Drafted Erving Giddings in the 4th round (79th pick) of the 1978 NBA Draft.

  Drafted Greg Green in the 5th round (100th pick) of the 1978 NBA Draft.

  Drafted Eddie Warren in the 6th round (121st pick) of the 1978 NBA Draft.

  Drafted Gary Pember in the 7th round (144th pick) of the 1978 NBA Draft.

  Drafted Greg Sanders in the 8th round (162nd pick) of the 1978 NBA Draft.

  Drafted Denny Fields in the 9th round (178th pick) of the 1978 NBA Draft.

  Drafted Ernest Simons in the 10th round (195th pick) of the 1978 NBA Draft.

• June 12, 1978

  Signed Mike Glenn as a veteran free agent.