Transactions listed are from July 1, 1980 to June 30, 1981

• September 8, 1980

  Signed Carlos Terry as a free agent.

• September 26, 1980

  Traded Dave Corzine to the San Antonio Spurs for a 1981 2nd round draft pick (Claude Gregory was later selected) and a 1982 2nd round draft pick (Dwight Anderson was later selected).

• November 6, 1980

  Acquired player rights to Austin Carr from the Dallas Mavericks.

• November 12, 1980

  Received a 1981 3rd round draft pick (Mike Ferrara was later selected) and a 1983 2nd round draft pick (Michael Britt was later selected) as compensation for the Detroit Pistons signing Larry Wright as a veteran free agent.

• December 3, 1980

  Waived John Williamson.

• December 15, 1980

  Signed Dave Britton to a 10-day contract.

• December 17, 1980

  Signed Keith McCord to a 10-day contract.

• December 27, 1980

  Signed Andre McCarter as a free agent.

  Signed Anthony Roberts as a free agent.

• January 15, 1981

  Signed Lewis Brown to a 10-day contract.

• January 17, 1981

  Traded Wes Matthews to the Atlanta Hawks for Don Collins.

• June 8, 1981

  Traded Elvin Hayes to the Houston Rockets for a 1981 2nd round draft pick (Charles Davis was later selected) and a 1983 2nd round draft pick (Sidney Lowe was later selected).

• June 9, 1981

  Drafted Frank Johnson in the 1st round (11th pick) of the 1981 NBA Draft.

  Drafted Charles Davis in the 2nd round (35th pick) of the 1981 NBA Draft.

  Drafted Claude Gregory in the 2nd round (41st pick) of the 1981 NBA Draft.

  Drafted Steve Lingenfelter in the 2nd round (44th pick) of the 1981 NBA Draft.

  Drafted Mike Ferrara in the 3rd round (48th pick) of the 1981 NBA Draft.

  Drafted Ron Davis in the 4th round (79th pick) of the 1981 NBA Draft.

  Drafted Garry Witts in the 5th round (103rd pick) of the 1981 NBA Draft.

  Drafted Robert Williams in the 6th round (125th pick) of the 1981 NBA Draft.

  Drafted Randy Martel in the 7th round (149th pick) of the 1981 NBA Draft.

  Drafted Mike Howard in the 8th round (170th pick) of the 1981 NBA Draft.

  Drafted Eddie Brown in the 9th round (193rd pick) of the 1981 NBA Draft.

  Drafted Ralton Way in the 10th round (212th pick) of the 1981 NBA Draft.