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

• October 27, 1981

  Waived Carl Bailey.

• November 23, 1981

  Traded Vinnie Johnson to the Detroit Pistons for Greg Kelser.

• November 25, 1981

  Traded James Bailey to the New Jersey Nets for Ray Tolbert and a 1984 2nd round draft pick (Danny Young was later selected).

• December 1, 1981

  Dennis Awtrey signed as a veteran free agent with the Portland Trail Blazers; received FROM_TRADE as compensation.

• February 12, 1982

  Paul Westphal signed as a veteran free agent with the New York Knicks; received FROM_TRADE as compensation.

• February 16, 1982

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

• June 16, 1982

  Traded Bill Hanzlik and a 1982 1st round draft pick (Rob Williams was later selected) to the Denver Nuggets for David Thompson. Denver originally received Wally Walker but he was ruled ineligible.

• June 29, 1982

  Drafted John Greig in the 3rd round (65th pick) of the 1982 NBA Draft.

  Drafted Ken Owens in the 4th round (88th pick) of the 1982 NBA Draft.

  Drafted Rod Camp in the 5th round (111th pick) of the 1982 NBA Draft.

  Drafted Bobby Potts in the 6th round (134th pick) of the 1982 NBA Draft.

  Drafted Allen Rayhorn in the 7th round (157th pick) of the 1982 NBA Draft.

  Drafted Steve Burks in the 8th round (180th pick) of the 1982 NBA Draft.