Transactions listed are from July 1, 1970 to June 30, 1971

• September 10, 1970

  Traded Art Williams to the Boston Celtics for a 1971 5th round draft pick (Greg Nelson was later selected).

• December 9, 1970

  Traded a 1971 3rd round draft pick (Jackie Ridgle was later selected) to the Cleveland Cavaliers for Johnny Egan.

• March 29, 1971

  Drafted Cliff Meely in the 1st round (7th pick) of the 1971 NBA Draft.

  Drafted Mike Newlin in the 2nd round (24th pick) of the 1971 NBA Draft.

  Drafted Tom Owens in the 4th round (58th pick) of the 1971 NBA Draft.

  Drafted Rudy Benjamin in the 5th round (75th pick) of the 1971 NBA Draft.

  Drafted Greg Nelson in the 5th round (78th pick) of the 1971 NBA Draft.

  Drafted Gary Reist in the 6th round (92nd pick) of the 1971 NBA Draft.

  Drafted Eric Hill in the 7th round (109th pick) of the 1971 NBA Draft.

  Drafted Rick Katherman in the 8th round (126th pick) of the 1971 NBA Draft.

  Drafted Willie Cherry in the 9th round (142nd pick) of the 1971 NBA Draft.

  Drafted Calvin Oliver in the 10th round (158th pick) of the 1971 NBA Draft.

  Drafted Doug Rex in the 11th round (174th pick) of the 1971 NBA Draft.

  Drafted Chris Schrobilgen in the 12th round (187th pick) of the 1971 NBA Draft.

  Drafted Lee McCullough in the 13th round (199th pick) of the 1971 NBA Draft.

  Drafted Gene Roberson in the 14th round (210th pick) of the 1971 NBA Draft.

  Drafted Bill Quigg in the 15th round (219th pick) of the 1971 NBA Draft.

  Drafted Leonard Jackson in the 16th round (227th pick) of the 1971 NBA Draft.

  Drafted Steve Sims in the 17th round (231st pick) of the 1971 NBA Draft.

  Drafted Carlos Quintanar in the 18th round (234th pick) of the 1971 NBA Draft.

  Drafted Gary Schneider in the 19th round (236th pick) of the 1971 NBA Draft.

• April 8, 1971

  Alex Hannum resigns as Head Coach.

• June 9, 1971

  Traded a 1973 2nd round draft pick (Kevin Stacom was later selected) to the Chicago Bulls for Dick Gibbs.