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

• August 15, 1980

  Signed George Johnson as a veteran free agent and sent a 1981 1st round draft pick (Ray Tolbert was later selected) to the New Jersey Nets as compensation.

• September 12, 1980

  Received a 1981 2nd round draft pick (Gene Banks was later selected) and a 1981 2nd round draft pick (Ed Rains was later selected) as compensation for the Chicago Bulls signing Larry Kenon as a veteran free agent.

• September 26, 1980

  Traded a 1981 2nd round draft pick (Claude Gregory was later selected) and a 1982 2nd round draft pick (Dwight Anderson was later selected) to the Washington Bullets for Dave Corzine.

• September 29, 1980

  Waived Edmund Lawrence.

• October 4, 1980

  Waived Sylvester Norris.

• October 7, 1980

  Sold player rights to Mike Evans to the Milwaukee Bucks.

• November 24, 1980

  Traded John Shumate to the Seattle SuperSonics for a 1981 3rd round draft pick (Mark Radford was later selected).

• December 1, 1980

  Signed John Shumate as a free agent.

  Traded a 1981 3rd round draft pick (Mark Radford was later selected) to the Seattle SuperSonics for John Shumate.

• December 2, 1980

  Waived John Shumate.

• December 19, 1980

  Traded Mike Gale and a 1982 1st round draft pick (Ricky Pierce was later selected) to the Portland Trail Blazers for Ron Brewer.

• February 8, 1981

  Signed Gus Gerard to a 10-day contract.

• March 2, 1981

  Released Gus Gerard.

• June 9, 1981

  Drafted Gene Banks in the 2nd round (28th pick) of the 1981 NBA Draft.

  Drafted Ed Rains in the 2nd round (30th pick) of the 1981 NBA Draft.

  Drafted Tom Baker in the 3rd round (64th pick) of the 1981 NBA Draft.

  Drafted Earl Belcher in the 4th round (87th pick) of the 1981 NBA Draft.

  Drafted Mike Rhodes in the 5th round (110th pick) of the 1981 NBA Draft.

  Drafted Northern Shavers in the 6th round (133rd pick) of the 1981 NBA Draft.

  Drafted Mark Minderman in the 7th round (156th pick) of the 1981 NBA Draft.

  Drafted Bob Bartholomew in the 8th round (178th pick) of the 1981 NBA Draft.

  Drafted Leonel Marquetti in the 9th round (199th pick) of the 1981 NBA Draft.

  Drafted Alvin Brooks in the 10th round (219th pick) of the 1981 NBA Draft.

• June 16, 1981

  Traded James Silas and Rich Yonakor to the Cleveland Cavaliers for a 1982 2nd round draft pick (Oliver Robinson was later selected).