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

• July 26, 1971

  Traded Herm Gilliam and Don May to the Atlanta Hawks for Walt Hazzard and Jerry Chambers.

• October 13, 1971

  Fired Dolph Schayes as Head Coach.

  Hired Johnny McCarthy as Head Coach.

• March 27, 1972

  Fired Johnny McCarthy as Head Coach.

• April 6, 1972

  Hired Jack Ramsay as Head Coach.

• April 10, 1972

  Drafted Bob McAdoo in the 1st round (2nd pick) of the 1972 NBA Draft.

  Drafted Harold Fox in the 2nd round (15th pick) of the 1972 NBA Draft.

  Drafted Bob Morse in the 3rd round (32nd pick) of the 1972 NBA Draft.

  Drafted George Bryant in the 4th round (49th pick) of the 1972 NBA Draft.

  Drafted Arnie Berman in the 5th round (65th pick) of the 1972 NBA Draft.

  Drafted Ed Czernota in the 6th round (82nd pick) of the 1972 NBA Draft.

  Drafted Greg Kohls in the 7th round (99th pick) of the 1972 NBA Draft.

  Drafted Andy Denny in the 8th round (115th pick) of the 1972 NBA Draft.

  Drafted John Collins in the 9th round (131st pick) of the 1972 NBA Draft.

  Drafted Jim Prokell in the 11th round (158th pick) of the 1972 NBA Draft.

  Drafted Frank DeWitt in the 12th round (167th pick) of the 1972 NBA Draft.

  Drafted Kim Huband in the 13th round (176th pick) of the 1972 NBA Draft.

  Drafted Craig Corson in the 14th round (182nd pick) of the 1972 NBA Draft.

  Drafted Paul Hoffman in the 15th round (189th pick) of the 1972 NBA Draft.

  Drafted Norman Bounds in the 16th round (194th pick) of the 1972 NBA Draft.