Search Results
| Date | Team | Acquired | Relinquished | Notes |
| 1981-01-23 | Kings | • Jeff Cohen | hired as executive vice president & general manager | |
| 1981-02-12 | Kings | • Frankie Sanders | re-signed for the remainder of the season | |
| 1981-05-05 | Kings | • Larry Staverman | resigned as vice president of operations | |
| 1981-06-02 | Kings | • Scott Wedman | lost veteran free agent (to Cavaliers) | |
| 1981-06-08 | Kings | • 1981 first round pick (#17-Kevin Loder) | • Kings agreed to not exercise their right of first refusal on free agent Scott Wedman • 1981 second round pick (#36-Ray Blume) |
trade with Cavaliers |
| 1981-06-08 | Kings | • Otis Birdsong | re-signed free agent (matched Cavaliers offer sheet) | |
| 1981-06-08 | Kings | • Cliff Robinson | • Otis Birdsong • 1981 second round pick (#44-Steve Lingenfelter) |
trade with Nets |
| 1981-06-09 | Kings | • Kevin Loder | 1981 NBA draft first round pick (#17 overall) | |
| 1981-06-09 | Kings | • Steve Johnson | 1981 NBA draft first round pick (#7 overall) | |
| 1981-06-09 | Kings | • Eddie Johnson (Arnet) | 1981 NBA draft second round pick (#29 overall) | |
| 1981-06-09 | Kings | • Curtis Berry | 1981 NBA draft third round pick (#58 overall) | |
| 1981-06-09 | Kings | • B.B. Davis | 1981 NBA draft fourth round pick (#82 overall) | |
| 1981-06-09 | Kings | • Kenny Dennard | 1981 NBA draft fourth round pick (#78 overall) | |
| 1981-06-09 | Kings | • U.S. Reed | 1981 NBA draft fifth round pick (#104 overall) | |
| 1981-06-09 | Kings | • Brian Walker | 1981 NBA draft sixth round pick (#128 overall) | |
| 1981-06-09 | Kings | • Clinton Wheeler | 1981 NBA draft seventh round pick (#150 overall) | |
| 1981-06-09 | Kings | • Randy Smithson | 1981 NBA draft eighth round pick (#173 overall) | |
| 1981-06-09 | Kings | • Mike Perry | 1981 NBA draft ninth round pick (#194 overall) | |
| 1981-06-09 | Kings | • Mark Wilson | 1981 NBA draft tenth round pick (#214 overall) | |
| 1981-06-30 | Kings | • Joe Meriweather / Joe C. Meriweather | re-signed to a 3-year contract | |
| 1981-08-17 | Kings | • Clinton Wheeler | signed seventh round pick | |
| 1981-08-25 | Kings | • Mike Perry | signed ninth round pick | |
| 1981-08-26 | Kings | • Larry Drew (I) | • 1982 second round pick (#28-David Magley / Dave Magley) • 1984 second round pick (#34-Tony Costner) |
trade with Pistons |
| 1981-09-11 | Kings | • Eddie Johnson (Arnet) | signed second round pick | |
| 1981-10-01 | Kings | • Kevin Loder | signed first round pick to a multi-year contract |
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