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

• Unknown Date

  Signed Mike Davis as a free agent.

• August 4, 1981

  Traded Tom Barker to the Portland Trail Blazers for a 1982 3rd round draft pick (Craig Tucker was later selected).

• October 12, 1981

  Received a 1982 2nd round draft pick (Vince Taylor was later selected) as compensation for the Atlanta Hawks signing Mike Glenn as a veteran free agent.

• October 25, 1981

  Received Maurice Lucas as compensation for the New Jersey Nets signing Ray Williams as a veteran free agent.

• February 12, 1982

  Signed Paul Westphal as a veteran free agent.

• May 14, 1982

  Head Coach Red Holzman retired.

• May 20, 1982

  Hired Hubie Brown as Head Coach.

• June 29, 1982

  Drafted Trent Tucker in the 1st round (6th pick) of the 1982 NBA Draft.

  Drafted Scott Hastings in the 2nd round (29th pick) of the 1982 NBA Draft.

  Drafted Vince Taylor in the 2nd round (34th pick) of the 1982 NBA Draft.

  Drafted Dan Caldwell in the 3rd round (52nd pick) of the 1982 NBA Draft.

  Drafted Craig Tucker in the 3rd round (57th pick) of the 1982 NBA Draft.

  Drafted Norm Anchrum in the 4th round (75th pick) of the 1982 NBA Draft.

  Drafted Aaron Howard in the 5th round (98th pick) of the 1982 NBA Draft.

  Drafted Mike Kanieski in the 6th round (121st pick) of the 1982 NBA Draft.

  Drafted Phil Seymore in the 7th round (144th pick) of the 1982 NBA Draft.

  Drafted Dan Terwilliger in the 8th round (167th pick) of the 1982 NBA Draft.

  Drafted Merle Scott in the 9th round (190th pick) of the 1982 NBA Draft.

  Drafted John Leonard in the 10th round (211th pick) of the 1982 NBA Draft.