June 9, 1981: Selected Steve Johnson (1st round, 7th pick), Kevin Loder (1st round, 17th pick), Eddie Johnson (2nd round, 29th pick), Curtis Berry (3rd round, 58th pick), Kenny Dennard (4th round, 78th pick), B. B. Davis (4th round, 82nd pick), U. S. Reed (5th round, 104th pick), Brian Walker (6th round, 128th pick), Clinton Wheeler (7th round, 150th pick), Randy Smithson (8th round, 173rd pick), Mike Perry (9th round, 194th pick) and Mark Wilson (10th round, 214th pick) in the 1981 NBA Draft.
August 26, 1981: Traded a 1982 2nd round draft pick (Dave Magley was later selected) and a 1984 2nd round draft pick (Tony Costner was later selected) to the Detroit Pistons for Larry Drew.
November 12, 1981: Traded Sam Lacey to the New Jersey Nets for Mike Woodson and a 1982 1st round draft pick (Brook Steppe was later selected). Kansas City received the earlier of two 1st round draft picks in 1982 (both owned by New Jersey).