The Sixers traded the Number 1 overall pick to the Cleveland Cavaliers (who used this to draft Brad Daugherty), for Roy Hinson and cash.
They also traded Moses Malone, Terry Catledge, and two first round draft picks to the Washington Bullets for Jeff Ruland and Cliff Robinson.
Brad Daugherty would have multiple All-Star selections with the Cavs, while Hinson was dealt away after having a short, unremarkable career (less than 1 and 1/2 years) in Philadelphia.
These two trades were so devastating in that, with the exception of the 2001 season in which they won the Eastern Conference Championship, they have not been considered an elite franchise since, after being one for a period from 1977 to that point.
The Sixers would finish nine games worse than the previous season at 45–37, and lose in the first round of the playoffs to the Milwaukee Bucks.