Search Results
| Date | Team | Acquired | Relinquished | Notes |
| 1981-08-06 | Bucks | • Mark Smith | signed third round pick | |
| 1981-08-20 | Bucks | • Alton Lister | signed first round pick to a 6-year contract | |
| 1981-09-24 | Bucks | • Geoff Crompton | • 1982 third round pick (#66-Phillip Lockett) | trade with Blazers |
| 1981-10-12 | Bucks | • Quinn Buckner | re-signed to a 5-year contract | |
| 1981-10-29 | Bucks | • Bob Dandridge | signed free agent | |
| 1981-11-02 | Bucks | • Bullets agreed to not exercise their right of first refusal on restricted free agent Bob Dandridge | • 1982 fifth round pick (#112-Jerry Davis) • cash |
trade with Bullets |
| 1981-11-02 | Bucks | • future considerations (cash) | • Len Elmore | trade with Nets |
| 1981-11-16 | Bucks | • Scott May | signed free agent to a 1-year contract | |
| 1981-11-25 | Bucks | • Bob Dandridge | waived | |
| 1981-12-09 | Bucks | • Kevin Stacom | waived | |
| 1981-12-09 | Bucks | • Marques Johnson | re-signed to an 8-year contract | |
| 1981-12-29 | Bucks | • Mike Evans | waived | |
| 1982-01-08 | Bucks | • Mike Evans | signed free agent | |
| 1982-02-11 | Bucks | • Mike Evans | waived | |
| 1982-03-17 | Bucks | • Robert Smith (Leroy) | signed free agent to a 10-day contract | |
| 1982-03-27 | Bucks | • Robert Smith (Leroy) | re-signed to a second 10-day contract | |
| 1982-04-07 | Bucks | • Robert Smith (Leroy) | re-signed for the remainder of the season | |
| 1982-04-15 | Bucks | • Brad Holland | signed free agent | |
| 1982-06-28 | Bucks | • 1982 second round pick (#27-Fred Roberts) | • Pat Cummings | trade with Mavericks |
| 1982-06-29 | Bucks | • Paul Pressey | 1982 NBA draft first round pick (#20 overall) | |
| 1982-06-29 | Bucks | • Fred Roberts | 1982 NBA draft second round pick (#27 overall) | |
| 1982-06-29 | Bucks | • Jerry Beck | 1982 NBA draft fourth round pick (#89 overall) | |
| 1982-06-29 | Bucks | • Tony Carr | 1982 NBA draft sixth round pick (#135 overall) | |
| 1982-06-29 | Bucks | • Bobby Austin | 1982 NBA draft seventh round pick (#158 overall) | |
| 1982-06-29 | Bucks | • Bryan Leonard | 1982 NBA draft eighth round pick (#181 overall) (pick later voided) |