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

• July 12, 1971

  Hired Bill Sharman as Head Coach.

• September 11, 1971

  Traded a 1972 2nd round draft pick (Ollie Johnson was later selected) to the Portland Trail Blazers for Leroy Ellis.

• September 20, 1971

  Waived Fred Hetzel.

  Waived Earnie Killum.

• October 13, 1971

  Claimed John Trapp on waivers from the Houston Rockets.

  Traded Rick Roberson to the Cleveland Cavaliers for a 1972 2nd round draft pick (Jim Price was later selected), a 1973 1st round draft pick (Kermit Washington was later selected) and a 1973 2nd round draft pick (Bill Schaeffer was later selected).

• November 5, 1971

  Elgin Baylor retired.

• April 10, 1972

  Drafted Travis Grant in the 1st round (13th pick) of the 1972 NBA Draft.

  Drafted Jim Price in the 2nd round (16th pick) of the 1972 NBA Draft.

  Drafted Paul Stovall in the 2nd round (22nd pick) of the 1972 NBA Draft.

  Drafted Gregg Northington in the 3rd round (47th pick) of the 1972 NBA Draft.

  Drafted Glen Summors in the 5th round (80th pick) of the 1972 NBA Draft.

  Drafted Sam Simmons in the 6th round (97th pick) of the 1972 NBA Draft.