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

• July 30, 1971

  Sold player rights to Toby Kimball to the Milwaukee Bucks.

• September 12, 1971

  Traded John Block to the Milwaukee Bucks for Dick Cunningham.

• October 13, 1971

  John Trapp claimed on waivers by the Los Angeles Lakers.

• November 9, 1971

  Traded Don Adams and Larry Siegfried to the Atlanta Hawks for Jim Davis and John Vallely.

• December 9, 1971

  Traded Curtis Perry and a 1972 1st round draft pick (Russ Lee was later selected) to the Milwaukee Bucks for Greg Smith and a 1973 3rd round draft pick (E.C. Coleman was later selected).

• December 10, 1971

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

• December 16, 1971

  Signed McCoy McLemore as a free agent.

• April 7, 1972

  Traded a 1972 1st round draft pick (Corky Calhoun was later selected) to the Phoenix Suns for Otto Moore.

• April 10, 1972

  Drafted John Gianelli in the 2nd round (20th pick) of the 1972 NBA Draft.

  Drafted Eric McWilliams in the 3rd round (37th pick) of the 1972 NBA Draft.

  Drafted Wil Robinson in the 4th round (54th pick) of the 1972 NBA Draft.

  Drafted James Silas in the 5th round (70th pick) of the 1972 NBA Draft.

  Drafted Mike Collins in the 6th round (87th pick) of the 1972 NBA Draft.

  Drafted Mike Jackson in the 7th round (104th pick) of the 1972 NBA Draft.

  Drafted Henry Harris in the 8th round (120th pick) of the 1972 NBA Draft.

• June 23, 1972

  Traded Elvin Hayes to the Baltimore Bullets for Jack Marin.