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

• Unknown Date

  Signed Coby Dietrick.

• July 21, 1971

  Traded Wayne Hightower to the Carolina Cougars for cash.

• September ?, 1971

  Signed Len Chappell.

• September 15, 1971

  Waived Bob Bedell.

• October ?, 1971

  Signed George Johnson.

• November 1, 1971

  Traded Gene Moore and cash to the New York Nets for a draft choice.

• November 8, 1971

  Traded John Beasley to the Utah Stars for George Peeples, a draft choice and cash.

• April 20, 1972

  Tom Nissalke resigns as Head Coach.

• April 27, 1972

  Hired Babe McCarthy as Head Coach.

• June 13, 1972

  Drafted John Brisker from the Pittsburgh Condors in the dispersal draft.

  Drafted Skeeter Swift from the Pittsburgh Condors in the dispersal draft.