Transactions listed are from July 1, 1976 to June 30, 1977

• August 25, 1976

  Traded a 1977 2nd round draft pick (Glen Williams was later selected) to the Buffalo Braves for Tom Van Arsdale.

• August 26, 1976

  John Wetzel retired.

• September 21, 1976

  Pat Riley retired.

• September 23, 1976

  Signed Marv Roberts as a free agent.

• October 4, 1976

  Waived Al Fleming.

• October 15, 1976

  Waived Nate Hawthorne.

  Waived Phil Lumpkin.

  Waived Marv Roberts.

• December 8, 1976

  Signed Dale Schlueter as a free agent.

• March 18, 1977

  Traded a 1979 2nd round draft pick (Paul Mokeski was later selected) to the Seattle SuperSonics for Bayard Forrest.

• April 10, 1977

  Tom Van Arsdale retired.

• May 12, 1977

  Dick Van Arsdale retired.

• June 6, 1977

  Keith Erickson retired.

• June 10, 1977

  Drafted Walter Davis in the 1st round (5th pick) of the 1977 NBA Draft.

  Drafted Mike Bratz in the 3rd round (66th pick) of the 1977 NBA Draft.

  Drafted Greg Griffin in the 4th round (71st pick) of the 1977 NBA Draft.

  Drafted Cecil Rellford in the 5th round (93rd pick) of the 1977 NBA Draft.

  Drafted Billy McKinney in the 6th round (115th pick) of the 1977 NBA Draft.

  Drafted Alvin Scott in the 7th round (136th pick) of the 1977 NBA Draft.

  Drafted Alvin Joseph in the 8th round (156th pick) of the 1977 NBA Draft.