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

• September 17, 1970

  Traded Lucius Allen and Bob Boozer to the Milwaukee Bucks for Zaid Abdul-Aziz and cash.

• September 28, 1970

  Signed Tom Black as a free agent.

• December 30, 1970

  Signed Spencer Haywood as a free agent. (The NBA sued Seattle because Haywood violated rules stating a player could not join the league until he was four years out of high school; the Supreme Court ruled in favor of Seattle on March 8, 1971.)

  Signed Spencer Haywood.

• February 10, 1971

  Tom Black claimed on waivers by the Cincinnati Royals.

• March 29, 1971

  Drafted Fred Brown in the 1st round (6th pick) of the 1971 NBA Draft.

  Drafted Jim McDaniels in the 2nd round (23rd pick) of the 1971 NBA Draft.

  Drafted Pembrook Burrows in the 4th round (57th pick) of the 1971 NBA Draft.

  Drafted Jeff Smith in the 5th round (74th pick) of the 1971 NBA Draft.

  Drafted Mike Necaise in the 6th round (91st pick) of the 1971 NBA Draft.

  Drafted John Duncan in the 7th round (108th pick) of the 1971 NBA Draft.

  Drafted Charlie Lowery in the 8th round (125th pick) of the 1971 NBA Draft.

  Drafted Larry Holliday in the 9th round (141st pick) of the 1971 NBA Draft.

  Drafted Ed Huston in the 10th round (157th pick) of the 1971 NBA Draft.

  Drafted Jerome Perry in the 11th round (173rd pick) of the 1971 NBA Draft.