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

• September 8, 1980

  Waived Wiley Peck.

• October 1, 1980

  Waived John McCullough.

• October 14, 1980

  Gar Heard signed as a veteran free agent with the San Diego Clippers; received a 1981 3rd round draft pick (Sam Clancy was later selected) and a 1983 3rd round draft pick (Dereck Whittenburg was later selected) as compensation. The compensatory draft picks were sent to San Diego on February 3, 1981.

• November 25, 1980

  Traded Don Buse to the Indiana Pacers for a 1981 2nd round draft pick (Al Leslie was later selected) and a 1982 2nd round draft pick (Jose Slaughter was later selected).

• April 28, 1981

  Signed John McCullough as a free agent.

• June 8, 1981

  Traded a 1981 2nd round draft pick (Al Leslie was later selected) and a 1982 2nd round draft pick (Jose Slaughter was later selected) to the Indiana Pacers for Dudley Bradley. Phoenix also relinquished the option to swap 1st round draft picks with Indiana in 1983.

• June 9, 1981

  Drafted Larry Nance in the 1st round (20th pick) of the 1981 NBA Draft.

  Drafted Sam Clancy in the 3rd round (62nd pick) of the 1981 NBA Draft.

  Drafted Craig Dykema in the 3rd round (66th pick) of the 1981 NBA Draft.

  Drafted Paul Heuerman in the 5th round (112th pick) of the 1981 NBA Draft.

  Drafted Pete Harris in the 6th round (135th pick) of the 1981 NBA Draft.

  Drafted David Williams in the 7th round (158th pick) of the 1981 NBA Draft.

  Drafted Steve Risley in the 8th round (180th pick) of the 1981 NBA Draft.

  Drafted Brian Johnson in the 9th round (200th pick) of the 1981 NBA Draft.

  Drafted Felton Sealey in the 10th round (220th pick) of the 1981 NBA Draft.