Transactions listed are from July 1, 1960 to June 30, 1961

• September 22, 1960

  Sold player rights to Dave Gambee to the Syracuse Nationals.

• October 17, 1960

  Traded Ed Conlin and cash to the Philadelphia Warriors for Ernie Beck and Woody Sauldsberry.

• November 28, 1960

  Acquired player rights to Phil Rollins from the Cincinnati Royals.

  Sold player rights to Ernie Beck to the Syracuse Nationals.

• December 17, 1960

  Sold player rights to Phil Rollins to the New York Knicks.

• March 27, 1961

  Drafted Cleo Hill in the 1st round (8th pick) of the 1961 NBA Draft.

  Drafted Ron Horn in the 2nd round (21st pick) of the 1961 NBA Draft.

  Drafted Tom Chilton in the 3rd round (30th pick) of the 1961 NBA Draft.

  Drafted Gus Guydon in the 4th round (39th pick) of the 1961 NBA Draft.

  Drafted John Berberich in the 5th round (48th pick) of the 1961 NBA Draft.

  Drafted Bob McDonald in the 6th round (57th pick) of the 1961 NBA Draft.

  Drafted Charles Riley in the 7th round (66th pick) of the 1961 NBA Draft.

  Drafted Gene Velloff in the 8th round (75th pick) of the 1961 NBA Draft.

  Drafted Herbert Gray in the 9th round (82nd pick) of the 1961 NBA Draft.

  Drafted Tom Faszholz in the 10th round (90th pick) of the 1961 NBA Draft.

  Drafted Dick Kepley in the 11th round (98th pick) of the 1961 NBA Draft.

  Drafted Jackie Crawford in the 12th round (101st pick) of the 1961 NBA Draft.

  Drafted Howard Stacey in the 13th round (104th pick) of the 1961 NBA Draft.

• April 26, 1961

  Lost Dave Piontek to the Chicago Packers in the NBA expansion draft.

• June 18, 1961

  Signed Joe Buckhalter as a free agent.

• June 24, 1961

  Traded Horace Walker to the Chicago Packers for a 1962 4th round draft pick (Chico Vaughn was later selected).

• June 25, 1961

  Traded Joe Buckhalter to the Cincinnati Royals for a future draft pick.