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

• July 26, 1971

  Traded Walt Hazzard and Jerry Chambers to the Buffalo Braves for Herm Gilliam and Don May.

• July 30, 1971

  Claimed Shaler Halimon on waivers from the Portland Trail Blazers.

• October 13, 1971

  Claimed Milt Williams on waivers from the New York Knicks.

• November 9, 1971

  Traded Jim Davis and John Vallely to the Houston Rockets for Don Adams and Larry Siegfried.

• November 19, 1971

  Traded Bill Bridges to the Philadelphia 76ers for Jim Washington.

• April 10, 1972

  Drafted Steve Bracey in the 2nd round (21st pick) of the 1972 NBA Draft.

  Drafted Reggie Bird in the 4th round (55th pick) of the 1972 NBA Draft.

  Drafted Bob Lackey in the 5th round (71st pick) of the 1972 NBA Draft.

  Drafted Randy Noll in the 6th round (88th pick) of the 1972 NBA Draft.

  Drafted Billy Pleas in the 7th round (105th pick) of the 1972 NBA Draft.

  Drafted Oscar Evans in the 8th round (121st pick) of the 1972 NBA Draft.

  Drafted Larry Strozier in the 9th round (136th pick) of the 1972 NBA Draft.

  Drafted Jim Clesson in the 10th round (149th pick) of the 1972 NBA Draft.

  Drafted Charles Allen in the 11th round (160th pick) of the 1972 NBA Draft.

  Drafted James Green in the 12th round (169th pick) of the 1972 NBA Draft.

• April 24, 1972

  Reassigned Head Coach Richie Guerin.

• May 31, 1972

  Hired Cotton Fitzsimmons as Head Coach.