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

• Unknown Date

  Signed Rock Lee as a free agent.

• August 28, 1980

  Traded World B. Free to the Golden State Warriors for Phil Smith and a 1984 1st round draft pick (Lancaster Gordon was later selected).

• October 14, 1980

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

• October 28, 1980

  Signed Henry Bibby as a free agent.

• November 4, 1980

  Signed Ron Davis as a free agent.

  Waived Tony Price.

• January 9, 1981

  Signed Jerome Whitehead as a free agent.

• January 28, 1981

  Waived Sidney Wicks.

• June 9, 1981

  Drafted Tom Chambers in the 1st round (8th pick) of the 1981 NBA Draft.

  Drafted Jim Smith in the 3rd round (54th pick) of the 1981 NBA Draft.

  Drafted Lee Raker in the 4th round (77th pick) of the 1981 NBA Draft.

  Drafted Dennis Isbell in the 5th round (100th pick) of the 1981 NBA Draft.

  Drafted Mike Pepper in the 6th round (123rd pick) of the 1981 NBA Draft.

  Drafted Randy Johnson in the 7th round (146th pick) of the 1981 NBA Draft.

  Drafted Todd Haynes in the 8th round (168th pick) of the 1981 NBA Draft.

  Drafted Art Jones in the 9th round (190th pick) of the 1981 NBA Draft.

  Drafted Tony Gwynn in the 10th round (210th pick) of the 1981 NBA Draft.