Transactions listed are from July 1, 1977 to June 30, 1978

• July 18, 1977

  Signed Al Fleming as a free agent.

• September 7, 1977

  Waived Willie Norwood.

• September 28, 1977

  Waived Nick Weatherspoon.

• October 17, 1977

  Signed Gus Williams as a veteran free agent and sent cash to the Golden State Warriors as compensation.

• October 22, 1977

  Traded a 1979 2nd round draft pick (Paul Mokeski was later selected) and a 1980 2nd round draft pick (Billy Williams was later selected) to the Houston Rockets for John Johnson.

• November 11, 1977

  Traded a 1978 1st round draft pick (Ron Brewer was later selected) and a 1979 2nd round draft pick (Andrew Fields was later selected) to the Portland Trail Blazers for Wally Walker.

  Waived Willie Wise.

  Waived Dean Tolson.

• November 12, 1977

  Traded Mike Green to the San Antonio Spurs for a 1978 2nd round draft pick (Keven McDonald was later selected) and a 1979 2nd round draft pick (Andrew Fields was later selected).

• November 30, 1977

  Fired Bob Hopkins as Head Coach.

  Hired Lenny Wilkens as Head Coach.

• January 4, 1978

  Traded Slick Watts to the New Orleans Jazz for a 1981 1st round draft pick (Danny Vranes was later selected).

• January 6, 1978

  Signed Al Fleming as a free agent.

• June 9, 1978

  Drafted James Lee in the 2nd round (39th pick) of the 1978 NBA Draft.

  Drafted Keven McDonald in the 2nd round (42nd pick) of the 1978 NBA Draft.

  Drafted Dave Baxter in the 3rd round (61st pick) of the 1978 NBA Draft.

  Drafted Billy Lewis in the 4th round (83rd pick) of the 1978 NBA Draft.

  Drafted Ralph Drollinger in the 5th round (105th pick) of the 1978 NBA Draft.

  Traded a 1978 1st round draft pick (Rod Griffin was later selected) to the Denver Nuggets for Tom LaGarde.