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

• July 28, 1981

  Released Wally Rank.

• August 31, 1981

  Signed Jim Brogan as a free agent.

• September 4, 1981

  Signed John Douglas as a free agent.

• October 20, 1981

  Waived Rock Lee.

• November 30, 1981

  Waived Ron Davis.

• December 2, 1981

  Signed Michael Wiley as a free agent.

• January 20, 1982

  Traded Freeman Williams to the Atlanta Hawks for Charlie Criss and Al Wood.

• February 16, 1982

  Traded Phil Smith to the Seattle SuperSonics for Armond Hill and a 1982 2nd round draft pick (Jeff Taylor was later selected).

• April 11, 1982

  Signed Rock Lee as a free agent.

• June 28, 1982

  Traded Joe Bryant and a 1982 2nd round draft pick (Jeff Taylor was later selected) to the Houston Rockets for a 1982 2nd round draft pick (Richard Anderson was later selected).

• June 29, 1982

  Drafted Terry Cummings in the 1st round (2nd pick) of the 1982 NBA Draft.

  Drafted Richard Anderson in the 2nd round (32nd pick) of the 1982 NBA Draft.

  Drafted Craig Hodges in the 3rd round (48th pick) of the 1982 NBA Draft.

  Drafted Darius Clemons in the 4th round (71st pick) of the 1982 NBA Draft.

  Drafted Gary Carter in the 5th round (94th pick) of the 1982 NBA Draft.

  Drafted Eric Marbury in the 6th round (117th pick) of the 1982 NBA Draft.

  Drafted Eddie Hughes in the 7th round (140th pick) of the 1982 NBA Draft.

  Drafted Jacques Tuz in the 8th round (163rd pick) of the 1982 NBA Draft.

  Drafted John Hegwood in the 9th round (186th pick) of the 1982 NBA Draft.

  Drafted Daryl Stovall in the 10th round (207th pick) of the 1982 NBA Draft.