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

• July 15, 1977

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

• August 10, 1977

  Traded Robin Jones to the Houston Rockets for Tom Owens.

• October 5, 1977

  Traded Rich Laurel to the Atlanta Hawks for a 1978 2nd round draft pick (Keith Herron was later selected).

• October 17, 1977

  Waived Herm Gilliam.

• November 11, 1977

  Traded Wally Walker to the Seattle SuperSonics for a 1978 1st round draft pick (Ron Brewer was later selected) and a 1979 2nd round draft pick (Andrew Fields was later selected).

• March 6, 1978

  Signed Willie Norwood as a free agent.

• March 24, 1978

  Signed Jacky Dorsey as a free agent.

• April 4, 1978

  Waived Jacky Dorsey.

• April 24, 1978

  Dale Schlueter retired.

• May 3, 1978

  Waived Willie Norwood.

• June 7, 1978

  Traded a 1978 1st round draft pick (Raymond Townsend was later selected) to the Golden State Warriors for a 1981 1st round draft pick (Albert King was later selected).

• June 8, 1978

  Traded Johnny Davis and a 1978 1st round draft pick (Rick Robey was later selected) to the Indiana Pacers for a 1978 1st round draft pick (Mychal Thompson was later selected).

• June 9, 1978

  Drafted Mychal Thompson in the 1st round (1st pick) of the 1978 NBA Draft.

  Drafted Ron Brewer in the 1st round (7th pick) of the 1978 NBA Draft.

  Drafted Keith Herron in the 2nd round (24th pick) of the 1978 NBA Draft.

  Drafted Clemon Johnson in the 2nd round (44th pick) of the 1978 NBA Draft.

  Drafted Sterling Edmonds in the 3rd round (66th pick) of the 1978 NBA Draft.

  Drafted Clay Johnson in the 5th round (110th pick) of the 1978 NBA Draft.

  Drafted Tim Evans in the 6th round (131st pick) of the 1978 NBA Draft.

  Drafted Walter Reason in the 7th round (152nd pick) of the 1978 NBA Draft.

  Drafted Mark Wickman in the 8th round (170th pick) of the 1978 NBA Draft.

  Drafted Paul Cozens in the 9th round (186th pick) of the 1978 NBA Draft.

  Drafted Tim Warkentin in the 10th round (202nd pick) of the 1978 NBA Draft.

• June 30, 1978

  Traded Corky Calhoun to the Indiana Pacers for a 1980 2nd round draft pick (David Lawrence was later selected).