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

• July 8, 1977

  Signed Jim Bostic as a free agent.

• October 7, 1977

  Waived Jim Bostic.

• October 13, 1977

  Signed Jim Eakins as a free agent.

  Waived Jeff Wilkins.

• November 12, 1977

  Traded a 1978 2nd round draft pick (Keven McDonald was later selected) and a 1979 2nd round draft pick (Andrew Fields was later selected) to the Seattle SuperSonics for Mike Green.

• November 22, 1977

  Waived Jim Eakins.

• November 23, 1977

  Signed Mo Layton as a free agent.

• November 28, 1977

  Waived Scott Sims.

• December 13, 1977

  Waived Henry Ward.

• April 4, 1978

  George Karl retired.

• June 9, 1978

  Drafted Frankie Sanders in the 1st round (20th pick) of the 1978 NBA Draft.

  Drafted Gerald Henderson in the 3rd round (64th pick) of the 1978 NBA Draft.

  Drafted Rich Adams in the 4th round (86th pick) of the 1978 NBA Draft.

  Drafted Eugene Parker in the 5th round (108th pick) of the 1978 NBA Draft.

  Drafted Harry Morgan in the 6th round (129th pick) of the 1978 NBA Draft.

  Drafted Hector Olivencia in the 7th round (150th pick) of the 1978 NBA Draft.

  Drafted Henry Taylor in the 8th round (168th pick) of the 1978 NBA Draft.

  Drafted Rick Taylor in the 9th round (185th pick) of the 1978 NBA Draft.

  Drafted Larry Brewster in the 10th round (200th pick) of the 1978 NBA Draft.