Transactions listed are from July 1, 1961 to June 30, 1962

• August ?, 1961

  Sold player rights to Mike Farmer to the St. Louis Hawks. (Farmer played in the ABL in between.)

• March 26, 1962

  Drafted Jerry Lucas in the 1st round (6th pick) of the 1962 NBA Draft. Territorial pick

  Drafted Bud Olsen in the 2nd round (15th pick) of the 1962 NBA Draft.

  Drafted Chris Appel in the 3rd round (24th pick) of the 1962 NBA Draft.

  Drafted Jack Thobe in the 4th round (33rd pick) of the 1962 NBA Draft.

  Drafted Mike Wroblewski in the 5th round (42nd pick) of the 1962 NBA Draft.

  Drafted Jerry Foster in the 6th round (51st pick) of the 1962 NBA Draft.

  Drafted Gary Cunningham in the 7th round (60th pick) of the 1962 NBA Draft.

  Drafted Ed Bento in the 8th round (68th pick) of the 1962 NBA Draft.

  Drafted Chris Jones in the 9th round (77th pick) of the 1962 NBA Draft.

  Drafted George Knighton in the 10th round (85th pick) of the 1962 NBA Draft.

  Drafted Frank Pinchback in the 11th round (90th pick) of the 1962 NBA Draft.