- July 14, 1951
The Syracuse Nationals traded Alex Hannum and Fred Scolari to the Baltimore Bullets for Red Rocha.
- September 25, 1951
The Minneapolis Lakers sold Kevin O'Shea to the Milwaukee Hawks.
- October 10, 1951
The Fort Wayne Pistons sold Howie Schultz to the Minneapolis Lakers. Schultz was traded to Tri-Cities on May 31, 1951 but evidently he was returned.
- October 17, 1951
The Boston Celtics sold Frank Kudelka to the Baltimore Bullets. Report says Boston also gave up a 1st round draft pick for Bob Brannum but he was already sold to them on September 23, 1950.
- November ?, 1951
The Fort Wayne Pistons released Don Otten.
- November 5, 1951
The Baltimore Bullets sold Walt Budko to the Philadelphia Warriors.
- November 23, 1951
The Milwaukee Hawks signed Don Otten as a free agent.
- November 29, 1951
The Baltimore Bullets sold Don Rehfeldt to the Milwaukee Hawks.
- December 26, 1951
The Baltimore Bullets sold Red Owens to the Milwaukee Hawks.
- January ?, 1952
The Milwaukee Hawks signed Dillard Crocker as a free agent.
- January 18, 1952
The Baltimore Bullets sold Alex Hannum to the Rochester Royals.
- January 26, 1952
The Baltimore Bullets sold Pep Saul to the Minneapolis Lakers.
- February 3, 1952
The Milwaukee Hawks sold Kevin O'Shea to the Baltimore Bullets.
- February 11, 1952
The Fort Wayne Pistons traded Art Burris and cash to the Milwaukee Hawks for Dike Eddleman.