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

• July 23, 1981

  Received Jim Chones, Brad Holland, a 1982 2nd round draft pick (Mike Gibson was later selected) and a 1983 1st round draft pick (Randy Wittman was later selected) as compensation for the Los Angeles Lakers signing Mitch Kupchak as a veteran free agent.

• August 31, 1981

  Waived Austin Carr.

• September 2, 1981

  Waived Anthony Roberts.

• October 13, 1981

  Waived Claude Gregory.

• October 19, 1981

  Traded a 1982 2nd round draft pick (Derek Smith was later selected) and a 1984 2nd round draft pick (Steve Burtt was later selected) to the Golden State Warriors for John Lucas.

• October 24, 1981

  Signed Spencer Haywood as a free agent.

• November 2, 1981

  Received a 1982 5th round draft pick (Jerry Davis was later selected) as compensation for the Milwaukee Bucks signing Bob Dandridge as a veteran free agent.

• December 17, 1981

  Acquired player rights to Ronnie Valentine from the Denver Nuggets.

• December 22, 1981

  Waived Brad Holland.

• June 29, 1982

  Drafted Bryan Warrick in the 2nd round (25th pick) of the 1982 NBA Draft.

  Drafted Dwight Anderson in the 2nd round (41st pick) of the 1982 NBA Draft.

  Drafted Mike Gibson in the 2nd round (44th pick) of the 1982 NBA Draft.

  Drafted Mike Largey in the 3rd round (58th pick) of the 1982 NBA Draft.

  Drafted Dino Gregory in the 4th round (81st pick) of the 1982 NBA Draft.

  Drafted Clarence Dickerson in the 5th round (104th pick) of the 1982 NBA Draft.

  Drafted Jerry Davis in the 5th round (112th pick) of the 1982 NBA Draft.

  Drafted Byron Williams in the 6th round (127th pick) of the 1982 NBA Draft.

  Drafted Wendell Gibson in the 7th round (150th pick) of the 1982 NBA Draft.

  Drafted Ken Luck in the 8th round (173rd pick) of the 1982 NBA Draft.

  Drafted James Terry in the 9th round (196th pick) of the 1982 NBA Draft.

  Drafted Donald Sinclair in the 10th round (217th pick) of the 1982 NBA Draft.