Transactions listed are from July 1, 1980 to June 30, 1981

• October 3, 1980

  Waived Keith McCord.

• October 9, 1980

  Waived Henry Bibby.

• October 21, 1980

  Waived Monti Davis.

• November 21, 1980

  Signed Ollie Johnson as a veteran free agent and sent cash to the Chicago Bulls as compensation.

• June 9, 1981

  Drafted Franklin Edwards in the 1st round (22nd pick) of the 1981 NBA Draft.

  Drafted Vernon Smith in the 2nd round (46th pick) of the 1981 NBA Draft.

  Drafted Ernest Graham in the 3rd round (68th pick) of the 1981 NBA Draft.

  Drafted Rynn Wright in the 4th round (92nd pick) of the 1981 NBA Draft.

  Drafted Steve Craig in the 5th round (114th pick) of the 1981 NBA Draft.

  Drafted Michael Thomas in the 6th round (138th pick) of the 1981 NBA Draft.

  Drafted John Crawford in the 7th round (160th pick) of the 1981 NBA Draft.

  Drafted Frank Gilroy in the 8th round (183rd pick) of the 1981 NBA Draft.

  Drafted Ron Wister in the 9th round (202nd pick) of the 1981 NBA Draft.

  Drafted Pete Mullenberg in the 10th round (223rd pick) of the 1981 NBA Draft.