Transactions listed are from July 1, 1991 to
June 30, 1992.
- July 1, 1991
As part of a 3-team trade, the Denver Nuggets traded Blair Rasmussen to the Atlanta Hawks; the Atlanta Hawks traded a 1993 2nd round draft pick (Josh Grant was later selected) to the Denver Nuggets; the Atlanta Hawks traded Anthony Avent to the Milwaukee Bucks; and the Milwaukee Bucks traded Kevin Brooks and a 1994 2nd round draft pick (Rodney Dent was later selected) to the Denver Nuggets.
- August 13, 1991
- August 15, 1991
Signed Howard Wright as a free agent.
- October 14, 1991
Waived Howard Wright.
- October 31, 1991
Released Kenny Battle.
- November 1, 1991
Signed Walter Davis as a free agent.
- November 25, 1991
Waived Jerome Lane.
- February 27, 1992
Signed Steve Scheffler to the first of two 10-day contracts.
- March 17, 1992
Signed Steve Scheffler as a free agent.
- April 23, 1992
Fired Paul Westhead as Head Coach.
- May 20, 1992
Hired Dan Issel as Head Coach.
- June 24, 1992
Drafted Robert Werdann in the 2nd round (46th pick) of the 1992 NBA Draft.
Drafted Bryant Stith in the 1st round (13th pick) of the 1992 NBA Draft.
Drafted LaPhonso Ellis in the 1st round (5th pick) of the 1992 NBA Draft.