Search Results
| Date | Team | Acquired | Relinquished | Notes |
| 1980-06-10 | Rockets | • Rosie Barnes | 1980 NBA draft eighth round pick (#175 overall) | |
| 1980-06-10 | Rockets | • Ed Turner (Lee) | 1980 NBA draft tenth round pick (#216 overall) (later ruled ineligible) | |
| 1980-06-28 | Rockets | • Allen Leavell | re-signed to a 3-year contract | |
| 1980-08-16 | Rockets | • Gary Bradley | purchased 20% interest in team | |
| 1980-09-12 | Rockets | • Rick Barry | retired | |
| 1980-09-12 | Rockets | • Gus Bailey | invited to training camp | |
| 1980-09-12 | Rockets | • Rudy Tomjanovich | re-signed to a 3-year contract | |
| 1980-09-15 | Rockets | • Gus Bailey | waived | |
| 1980-10-07 | Rockets | • 1982 second round pick (#32-Richard Anderson) | • Paul Mokeski | trade with Pistons |
| 1980-11-27 | Rockets | • 1981 third round pick (#59-Russell Bowers) | compensation to Cavaliers as compensation for Rockets signing of veteran free agent Bill Willoughby | |
| 1980-11-27 | Rockets | • Bill Willoughby | • 1981 third round pick (#59-Russell Bowers) | signed veteran free agent (from Cavaliers) |
| 1980-11-29 | Rockets | • George Maloof | owner deceased | |
| 1980-12-23 | Rockets | • Gavin Maloof | hired as president | |
| 1981-06-08 | Rockets | • Elvin Hayes | • 1981 second round pick (#35-Charles Davis / Charlie Davis) (E.)) • 1983 second round pick (#25-Sidney Lowe) |
trade with Bullets |
| 1981-06-09 | Rockets | • Ed Turner (Lee) | 1981 NBA draft second round pick (#45 overall) | |
| 1981-06-09 | Rockets | • Larry Spriggs | 1981 NBA draft fourth round pick (#81 overall) | |
| 1981-06-09 | Rockets | • Hasan Houston | 1981 NBA draft fifth round pick (#105 overall) | |
| 1981-06-09 | Rockets | • Fred Cowan | 1981 NBA draft sixth round pick (#127 overall) | |
| 1981-06-09 | Rockets | • Joe Faine | 1981 NBA draft seventh round pick (#151 overall) | |
| 1981-06-09 | Rockets | • Stanley Brewer | 1981 NBA draft eighth round pick (#172 overall) | |
| 1981-08-28 | Rockets | • Jawann Oldham | signed free agent | |
| 1981-09-23 | Rockets | • Billy Paultz | re-signed to a 2-year contract | |
| 1981-10-02 | Rockets | • Calvin Murphy | re-signed to a 3-year contract | |
| 1981-10-02 | Rockets | • cash | • rights to Terry Stotts | trade with Bulls |
| 1981-10-02 | Rockets | • Rudy Tomjanovich | retired |