Transactions listed are from July 1, 1961 to June 30, 1962

• August ?, 1961

  Acquired player rights to Mike Farmer from the Cincinnati Royals. (Farmer played in the ABL in between.)

• August 19, 1961

  Traded Bob McDonald, Frank Radovich and cash to the Philadelphia Warriors for Joe Graboski.

• November 18, 1961

  Fired Paul Seymour as Head Coach.

• November 20, 1961

  Hired Andrew Levane as Head Coach.

• November 21, 1961

  Traded Joe Graboski, Si Green and Woody Sauldsberry to the Chicago Packers for Barney Cable and Archie Dees.

• November 30, 1961

  Acquired player rights to Vern Hatton from the Philadelphia Warriors.

• December ?, 1961

  Acquired player rights to Bob Sims from the Los Angeles Lakers.

• December 1, 1961

  Acquired player rights to Shellie McMillon from the Detroit Pistons.

• March 6, 1962

  Signed Stacey Arceneaux as a free agent.

• March 7, 1962

  Reassigned Head Coach Andrew Levane.

• March 9, 1962

  Appointed Bob Pettit as Head Coach.

• March 13, 1962

  Hired Harry Gallatin as Head Coach.

• March 26, 1962

  Drafted Zelmo Beaty in the 1st round (3rd pick) of the 1962 NBA Draft.

  Drafted Bob Duffy in the 2nd round (12th pick) of the 1962 NBA Draft.

  Drafted Charlie Hardnett in the 3rd round (21st pick) of the 1962 NBA Draft.

  Drafted Chico Vaughn in the 4th round (28th pick) of the 1962 NBA Draft.

  Drafted Jerry Grote in the 4th round (30th pick) of the 1962 NBA Draft.

  Drafted Tom Hatton in the 5th round (39th pick) of the 1962 NBA Draft.

  Drafted Jay Carty in the 6th round (48th pick) of the 1962 NBA Draft.

  Drafted Bob McAteer in the 7th round (57th pick) of the 1962 NBA Draft.

  Drafted Terry Ball in the 8th round (65th pick) of the 1962 NBA Draft.

  Drafted Marvin Trotman in the 9th round (74th pick) of the 1962 NBA Draft.

  Drafted Charlie Sells in the 10th round (83rd pick) of the 1962 NBA Draft.

  Drafted Tom Chappelle in the 11th round (89th pick) of the 1962 NBA Draft.

  Drafted John Caveny in the 12th round (93rd pick) of the 1962 NBA Draft.

  Drafted Jerry Carlton in the 13th round (96th pick) of the 1962 NBA Draft.

  Drafted Wilky Gilmore in the 14th round (98th pick) of the 1962 NBA Draft.

  Drafted Dave Ricereto in the 15th round (100th pick) of the 1962 NBA Draft.

  Drafted Rally Rounsaville in the 16th round (102nd pick) of the 1962 NBA Draft.

• June 13, 1962

  Waived Bob Sims.

  Waived Stacey Arceneaux.

• June 14, 1962

  Traded Al Ferrari and Shellie McMillon to the Chicago Packers for Bill Bridges and Ralph Davis.

• October 15, 1962

  Traded Clyde Lovellette to the Boston Celtics for cash and a 1963 2nd round draft pick (Ken Saylors was later selected).