Transactions listed are from July 1, 1981 to June 30, 1982

• Unknown Date

  Kevin Kunnert retired.

• July 27, 1981

  Released John Stroeder.

• August 4, 1981

  Traded a 1982 3rd round draft pick (Craig Tucker was later selected) to the New York Knicks for Tom Barker.

• September 24, 1981

  Traded Geoff Crompton to the Milwaukee Bucks for a 1982 3rd round draft pick (Phillip Lockett was later selected).

• December 1, 1981

  Signed Dennis Awtrey as a veteran free agent.

• December 21, 1981

  Waived Dennis Awtrey.

• March 25, 1982

  Signed Carl Bailey as a free agent.

• June 23, 1982

  Traded a 1982 1st round draft pick (Ricky Pierce was later selected) to the Detroit Pistons for Kenny Carr.

  Waived Carl Bailey.

• June 28, 1982

  Traded Kelvin Ransey to the Dallas Mavericks for Wayne Cooper and a 1985 1st round draft pick (Terry Porter was later selected).

• June 29, 1982

  Drafted Fat Lever in the 1st round (11th pick) of the 1982 NBA Draft.

  Drafted Linton Townes in the 2nd round (33rd pick) of the 1982 NBA Draft.

  Drafted Audie Norris in the 2nd round (37th pick) of the 1982 NBA Draft.

  Drafted Phillip Lockett in the 3rd round (66th pick) of the 1982 NBA Draft.

  Drafted Eric Smith in the 4th round (79th pick) of the 1982 NBA Draft.

  Drafted Cherokee Rhone in the 5th round (103rd pick) of the 1982 NBA Draft.

  Drafted Leo Cunningham in the 6th round (125th pick) of the 1982 NBA Draft.

  Drafted Terry Long in the 7th round (149th pick) of the 1982 NBA Draft.

  Drafted Dave Porter in the 8th round (171st pick) of the 1982 NBA Draft.

  Drafted Mark Dearborn in the 9th round (195th pick) of the 1982 NBA Draft.

  Drafted Grant Taylor in the 10th round (215th pick) of the 1982 NBA Draft.