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

• July 15, 1977

  Traded Dale Schlueter to the Portland Trail Blazers for a 1978 4th round draft pick (Wayne Smith was later selected).

• August 23, 1977

  Waived Billy McKinney.

• September 6, 1977

  Traded Ricky Sobers to the Indiana Pacers for Don Buse.

• October 17, 1977

  Waived Butch Feher.

• June 9, 1978

  Drafted Marty Byrnes in the 1st round (19th pick) of the 1978 NBA Draft.

  Drafted Joel Kramer in the 3rd round (63rd pick) of the 1978 NBA Draft.

  Drafted Bob Miller in the 4th round (85th pick) of the 1978 NBA Draft.

  Drafted Wayne Smith in the 4th round (88th pick) of the 1978 NBA Draft.

  Drafted Andre Wakefield in the 5th round (107th pick) of the 1978 NBA Draft.

  Drafted Charles Thompson in the 6th round (128th pick) of the 1978 NBA Draft.

  Drafted Steve Malovic in the 7th round (149th pick) of the 1978 NBA Draft.

  Drafted George Fowler in the 8th round (167th pick) of the 1978 NBA Draft.

  Drafted Nate Stokes in the 9th round (184th pick) of the 1978 NBA Draft.

  Drafted Lewis Cohen in the 10th round (199th pick) of the 1978 NBA Draft.