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

• July 30, 1971

  Acquired player rights to Toby Kimball from the Houston Rockets.

• September 12, 1971

  Traded Dick Cunningham to the Houston Rockets for John Block.

• October 11, 1971

  Traded a 1972 6th round draft pick (Wally Rice was later selected) to the Boston Celtics for Bill Dinwiddie.

• November 16, 1971

  Signed Charlie Lowery as a free agent.

• December 9, 1971

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

• December 13, 1971

  Traded John Block and a 1974 2nd round draft pick (Rubin Collins was later selected) to the Philadelphia 76ers for Wali Jones. Block was sent as the player to be named later on July 28, 1972.

• April 10, 1972

  Drafted Russ Lee in the 1st round (6th pick) of the 1972 NBA Draft.

  Drafted Julius Erving in the 1st round (12th pick) of the 1972 NBA Draft.

  Drafted Chuck Terry in the 2nd round (29th pick) of the 1972 NBA Draft.

  Drafted George Adams in the 3rd round (46th pick) of the 1972 NBA Draft.

  Drafted Art White in the 4th round (63rd pick) of the 1972 NBA Draft.

  Drafted Ron Harris in the 5th round (79th pick) of the 1972 NBA Draft.

  Drafted Mickey Davis in the 7th round (113th pick) of the 1972 NBA Draft.

  Drafted Charles Kirkland in the 8th round (129th pick) of the 1972 NBA Draft.

  Drafted Jim Regenold in the 9th round (143rd pick) of the 1972 NBA Draft.

  Drafted Jolly Spight in the 10th round (156th pick) of the 1972 NBA Draft.