Transactions listed are from July 1, 1960 to June 30, 1961

• October 18, 1960

  Waived Togo Palazzi.

• March 27, 1961

  Drafted Gary Phillips in the 1st round (9th pick) of the 1961 NBA Draft.

  Drafted Al Butler in the 2nd round (22nd pick) of the 1961 NBA Draft.

  Drafted Bill Depp in the 3rd round (31st pick) of the 1961 NBA Draft.

  Drafted Carl Cole in the 4th round (40th pick) of the 1961 NBA Draft.

  Drafted Bob DiStefano in the 5th round (49th pick) of the 1961 NBA Draft.

  Drafted Ned Twyman in the 6th round (58th pick) of the 1961 NBA Draft.

  Drafted Mel Klein in the 7th round (67th pick) of the 1961 NBA Draft.

• April 26, 1961

  Lost Gene Conley to the Chicago Packers in the NBA expansion draft.

• May 14, 1961

  Signed Carl Braun as a free agent.