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

• October 13, 1971

  Terry Driscoll claimed on waivers by the Baltimore Bullets.

• November 1, 1971

  Appointed Terry Dischinger as Interim Head Coach.

  Butch Van Breda Kolff resigns as Head Coach.

• November 3, 1971

  Hired Earl Lloyd as Head Coach.

• November 22, 1971

  Waived Steve Mix.

• December 10, 1971

  Traded a 1972 1st round draft pick (Corky Calhoun was later selected) to the Houston Rockets for Jim Davis.

• April 10, 1972

  Drafted Bob Nash in the 1st round (9th pick) of the 1972 NBA Draft.

  Drafted Chris Ford in the 2nd round (17th pick) of the 1972 NBA Draft.

  Drafted Ernie Fleming in the 4th round (51st pick) of the 1972 NBA Draft.

  Drafted Ernest Pettis in the 5th round (67th pick) of the 1972 NBA Draft.

  Drafted Terry Benton in the 6th round (84th pick) of the 1972 NBA Draft.

  Drafted Bruce Anderson in the 7th round (101st pick) of the 1972 NBA Draft.

  Drafted Ben Kelso in the 8th round (117th pick) of the 1972 NBA Draft.

  Drafted Jesse Mangham in the 9th round (133rd pick) of the 1972 NBA Draft.

  Drafted Kent Hollenbeck in the 10th round (146th pick) of the 1972 NBA Draft.