Transactions listed are from July 1, 1976 to
June 30, 1977.
- July 19, 1976
Signed Gail Goodrich as a veteran free agent.
- August 5, 1976
Traded a 1977 1st round draft pick (Kenny Carr was later selected), a 1978 1st round draft pick (Freeman Williams was later selected), a 1979 1st round draft pick (Magic Johnson was later selected) and a 1980 2nd round draft pick (Sam Worthen was later selected) to the Los Angeles Lakers for a 1977 2nd round draft pick (Essie Hollis was later selected) and a 1978 1st round draft pick (Jack Givens was later selected). This exchange was arranged as compensation for Utah signing veteran free agent Gail Goodrich on July 19, 1976.
- September 17, 1976
- October 20, 1976
Waived Louie Nelson.
Waived Jacky Dorsey.
- December 14, 1976
Fired Butch Van Breda Kolff as Head Coach.
- December 16, 1976
Hired Elgin Baylor as Head Coach.
- February 27, 1977
Signed Mo Howard as a free agent.
- June 10, 1977
Drafted Essie Hollis in the 2nd round (44th pick) of the 1977 NBA Draft.
Drafted Tony Hansen in the 3rd round (50th pick) of the 1977 NBA Draft.
Drafted Dennis Boyd in the 4th round (72nd pick) of the 1977 NBA Draft.
Drafted Jim Grady in the 5th round (94th pick) of the 1977 NBA Draft.
Drafted Wayne Golden in the 6th round (116th pick) of the 1977 NBA Draft.
Drafted Lusia Harris in the 7th round (137th pick) of the 1977 NBA Draft.
Drafted Dave Speicher in the 8th round (157th pick) of the 1977 NBA Draft.