Transactions listed are from July 1, 1971 to June 30, 1972.

• July 10, 1971

  The Texas Chaparrals waived Levern Tart.

• July 21, 1971

  The Utah Stars hired LaDell Andersen as Head Coach.

  The Carolina Cougars traded cash to the Dallas Chaparrals for Wayne Hightower.

• July 23, 1971

  The Kentucky Colonels signed Pierre Russell.

• August 17, 1971

  Jerry Steele resigns as Head Coach for Carolina Cougars.

• August 21, 1971

  Glen Combs announced retirement.

• September ?, 1971

  The Dallas Chaparrals signed Len Chappell.

• September 2, 1971

  The Carolina Cougars hired Tom Meschery as Head Coach.

• September 4, 1971

  The Virginia Squires signed Adrian Smith.

• September 9, 1971

  Henry Logan announced retirement.

• September 11, 1971

  Randolph Mahaffey announced retirement.

• September 15, 1971

  The Memphis Pros signed Tom Owens.

  The Dallas Chaparrals waived Bob Bedell.

• September 16, 1971

  The Virginia Squires traded George Carter to the Pittsburgh Condors for a 1972 first-round draft choice.

• September 22, 1971

  The New York Nets waived Luther Green.

• September 24, 1971

  The Indiana Pacers traded Warren Jabali to the The Floridians for a draft choice and cash.

• September 25, 1971

  The Denver Rockets waived John Barnhill.

  The Denver Rockets waived Tom Workman.

• September 30, 1971

  The Pittsburgh Condors traded Chuck Williams to the Denver Rockets for Mickey Davis.

• October ?, 1971

  The Dallas Chaparrals signed George Johnson.

• October 4, 1971

  The Carolina Cougars signed Ed Manning.

  The Utah Stars signed Jimmy Jones.

  The Carolina Cougars signed Ted McClain.

• October 6, 1971

  The Memphis Pros waived Al Cueto.

  The Utah Stars waived Dick Nemelka.

• October 12, 1971

  The Memphis Pros signed Larry Cannon.

• October 19, 1971

  The Virginia Squires signed Bernie Williams as a free agent.

• October 23, 1971

  The Memphis Pros waived Coby Dietrick.

• October 25, 1971

  The The Floridians traded Carl Fuller to the Memphis Pros for Craig Raymond.

• October 26, 1971

  The Kentucky Colonels waived Howie Wright.

• October 31, 1971

  The Virginia Squires waived Mike Maloy.

• November 1, 1971

  The Dallas Chaparrals traded Gene Moore and cash to the New York Nets for a draft choice.

  The Utah Stars traded George Stone to the Carolina Cougars for a draft choice.

  The New York Nets traded Manny Leaks to the Utah Stars for a draft choice and cash.

• November 2, 1971

  The New York Nets waived Sonny Dove.

• November 5, 1971

  The Pittsburgh Condors hired Mark Binstein as Head Coach.

• November 8, 1971

  The Dallas Chaparrals traded John Beasley to the Utah Stars for George Peeples, a draft choice and cash.

• November 12, 1971

  Wayne Chapman announced retirement.

• November 18, 1971

  The Pittsburgh Condors traded Jimmy O'Brien to the Kentucky Colonels for Goose Ligon.

  The Carolina Cougars traded Bob Verga to the Pittsburgh Condors for Stew Johnson.

• November 20, 1971

  The Indiana Pacers claimed Arvesta Kelly on waivers from the Pittsburgh Condors.

• December 17, 1971

  The Memphis Pros traded Larry Cannon to the Indiana Pacers for Donald Sidle.

• December 28, 1971

  The Denver Rockets waived Julian Hammond.

• ?

  The Dallas Chaparrals signed Coby Dietrick.

• January 2, 1972

  The Carolina Cougars traded Warren Davis, Randy Denton and George Lehmann to the Memphis Pros for Wendell Ladner, Tom Owens and Bob Warren.

• January 28, 1972

  The The Floridians traded Ira Harge to the Utah Stars for Richard Fisher, Manny Leaks and draft choices.

• February 2, 1972

  The Pittsburgh Condors traded George Carter to the Carolina Cougars for a draft choice and cash.

• February 17, 1972

  The New York Nets signed Jim Chones.

  The Seattle SuperSonics signed Jim McDaniels.

• March ?, 1972

  The Carolina Cougars traded Brian Taylor to the New York Nets for Bill Chamberlain and Dennis Wuycik.

  The Virginia Squires signed Bob McAdoo. Virginia withdraws claim on 5/5/72

• March 7, 1972

  The Virginia Squires signed William Franklin.

• April 14, 1972

  Tom Meschery resigns as Head Coach for Carolina Cougars.

• April 15, 1972

  The Indiana Pacers signed Don Buse.

• April 20, 1972

  Tom Nissalke resigns as Head Coach for Dallas Chaparrals.

• April 21, 1972

  The Carolina Cougars hired Larry Brown as Head Coach.

• April 27, 1972

  Babe McCarthy resigns as Head Coach for Memphis Pros.

  The Dallas Chaparrals hired Babe McCarthy as Head Coach.

• April 28, 1972

  The Denver Rockets signed Claude Terry.

• May 9, 1972

  The Virginia Squires signed Mike Barr.

• May 13, 1972

  The Virginia Squires signed Dave Twardzik.

• June ?, 1972

  Ray Scott announced retirement.

• June 13, 1972

  The Denver Rockets selected Al Tucker from the The Floridians in the dispersal draft.

  The Kentucky Colonels selected Lonnie Wright from the The Floridians in the dispersal draft.

  The Memphis Pros selected Dave Lattin from the Pittsburgh Condors in the dispersal draft.

  The Memphis Pros selected George Thompson from the Pittsburgh Condors in the dispersal draft.

  The Denver Rockets selected Warren Jabali from the The Floridians in the dispersal draft.

  The Virginia Squires selected Goose Ligon from the Pittsburgh Condors in the dispersal draft.

  The Dallas Chaparrals selected John Brisker from the Pittsburgh Condors in the dispersal draft.

  The Denver Rockets selected Willie Long from the The Floridians in the dispersal draft.

  The Virginia Squires selected Swen Nater from the The Floridians in the dispersal draft.

  The Carolina Cougars selected Mike Lewis from the Pittsburgh Condors in the dispersal draft.

  The Memphis Pros selected Ronald Franz from the The Floridians in the dispersal draft.

  The Carolina Cougars selected Mack Calvin from the The Floridians in the dispersal draft.

  The Dallas Chaparrals selected Skeeter Swift from the Pittsburgh Condors in the dispersal draft.

  The Memphis Pros selected Charles Edge from the Pittsburgh Condors in the dispersal draft.

  The Utah Stars selected Larry Jones from the The Floridians in the dispersal draft.

• June 19, 1972

  The Carolina Cougars signed Dennis Wuycik.

• June 27, 1972

  The Utah Stars signed Mike Jackson.