The early 1980s were marked by owner Ted Stepien who had a disastrous run as owner and "de facto" general manager between 1980 and 1983. During Stepien's reign, the Cavaliers made a practice of trading future draft picks for marginal veteran players. His most notable deal sent a 1982 first-round pick to the Los Angeles Lakers in exchange for Dan Ford and the 22nd overall pick in 1980. As a result of Stepien's dealings, the NBA introduced the "Stepien Rule", which prohibits teams from trading first-round draft picks in successive seasons. The Cavaliers went 66–180, dropped to the bottom of the league in attendance and lost $15 million during Stepien's three years as the owner. The Cavs went through six coaches during that span, including four during the 1981–82 season. The team finished 15–67, and between March and November 1982, the team had a 24-game losing streak, which at the time, was the NBA's longest losing streak. George and Gordon Gund purchased the Cavaliers from Stepien in 1983.