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

• October 3, 1977

  Traded Terry Furlow to the Cleveland Cavaliers for a 1981 1st round draft pick (Al Wood was later selected) and a 1983 1st round draft pick (Rodney McCray was later selected).

• October 11, 1977

  Waived Bob Elliott.

• November 4, 1977

  Fired Gene Shue as Head Coach.

  Hired Billy Cunningham as Head Coach.

• December 21, 1977

  Waived Glenn Mosley.

• January 31, 1978

  Traded a 1978 3rd round draft pick (Marvin Delph was later selected) to the Buffalo Braves for Ted McClain.

  Traded Wilson Washington to the New Jersey Nets for a 1979 2nd round draft pick (Clint Richardson was later selected), a 1982 2nd round draft pick (J.J. Anderson was later selected) and a 1983 3rd round draft pick (Claude Riley was later selected).

• June 9, 1978

  Drafted Maurice Cheeks in the 2nd round (36th pick) of the 1978 NBA Draft.

  Drafted Glenn Hagan in the 2nd round (43rd pick) of the 1978 NBA Draft.

  Drafted Brett Vroman in the 4th round (87th pick) of the 1978 NBA Draft.

  Drafted Mark Haymore in the 5th round (109th pick) of the 1978 NBA Draft.

  Drafted Osborne Lockhart in the 6th round (130th pick) of the 1978 NBA Draft.

  Drafted Anthony Murray in the 7th round (151st pick) of the 1978 NBA Draft.

  Drafted Alan Cunningham in the 8th round (169th pick) of the 1978 NBA Draft.

  Drafted Dennis James in the 10th round (201st pick) of the 1978 NBA Draft.