Transactions listed are from July 1, 1991 to
June 30, 1992.
- July 3, 1991
Traded Joe Wylie to the New York Knicks for a 1993 2nd round draft pick (Leonard White was later selected).
- August 13, 1991
- August 30, 1991
Signed Lanard Copeland as an unrestricted free agent.
- September 20, 1991
Signed Tony Brown as a free agent.
- October 9, 1991
Signed Rory Sparrow as a free agent.
- October 29, 1991
Waived Rory Sparrow.
- November 23, 1991
Signed David Rivers as a free agent.
- December 3, 1991
Waived Lanard Copeland.
- January 2, 1992
Waived Tony Brown.
- January 7, 1992
Waived David Rivers.
- January 9, 1992
Signed Danny Young as a free agent.
- February 2, 1992
Appointed Mack Calvin as Interim Head Coach.
Fired Mike Schuler as Head Coach.
- February 6, 1992
Hired Larry Brown as Head Coach.
- March 3, 1992
Signed Tharon Mayes to a 10-day contract.
- March 9, 1992
Waived Tharon Mayes.
- June 24, 1992
Traded Olden Polynice, a 1996 2nd round draft pick (Russ Millard was later selected) and a 1997 2nd round draft pick (Eddie Elisma was later selected) to the Detroit Pistons for William Bedford and Don MacLean.
Drafted Elmore Spencer in the 1st round (25th pick) of the 1992 NBA Draft.
Drafted Randy Woods in the 1st round (16th pick) of the 1992 NBA Draft.