Transactions listed are from July 1, 1977 to
June 30, 1978.
- July 8, 1977
Signed Wayman Britt as a free agent.
- August 5, 1977
- August 8, 1977
Waived Don Adams.
- September 2, 1977
Signed Abdul Jeelani as a free agent.
- September 21, 1977
Signed Willie Norwood as a free agent.
- October 3, 1977
Waived Abdul Jeelani.
- October 17, 1977
Waived Roger Brown.
- November 7, 1977
Traded Howard Porter, Kevin Porter and cash to the New Jersey Nets for Al Skinner, a 1978 2nd round draft pick (Terry Tyler was later selected) and a 1979 2nd round draft pick (Tony Price was later selected).
- November 14, 1977
Waived Wayman Britt.
- November 23, 1977
Traded Marvin Barnes, a 1978 2nd round draft pick (Lew Massey was later selected) and a 1978 4th round draft pick (Larry Harris was later selected) to the Buffalo Braves for Gus Gerard, John Shumate and a 1979 1st round draft pick (Roy Hamilton was later selected).
- November 25, 1977
Waived Willie Norwood.
- December 15, 1977
Appointed Bob Kauffman as Head Coach.
Fired Herb Brown as Head Coach.
- February 1, 1978
- February 16, 1978
Waived Essie Hollis.
- April 5, 1978
Signed Jim Bostic as a free agent.
- May 1, 1978
Hired Dick Vitale as Head Coach.
- May 22, 1978
Signed Robert Hawkins as a free agent.
- June 9, 1978
Drafted Earl Evans in the 8th round (157th pick) of the 1978 NBA Draft.
Drafted Herb Entzminger in the 7th round (138th pick) of the 1978 NBA Draft.
Drafted Audie Matthews in the 6th round (117th pick) of the 1978 NBA Draft.
Drafted Dave Caligaris in the 5th round (95th pick) of the 1978 NBA Draft.
Drafted John Long in the 2nd round (29th pick) of the 1978 NBA Draft.
Drafted Terry Tyler in the 2nd round (23rd pick) of the 1978 NBA Draft.
Drafted Dave Grauzer in the 10th round (189th pick) of the 1978 NBA Draft.
Drafted Ulice Payne in the 9th round (174th pick) of the 1978 NBA Draft.