Transactions listed are from July 1, 1991 to
June 30, 1992.
- October 1, 1991
Traded Xavier McDaniel to the New York Knicks for Jerrod Mustaf, Trent Tucker, a 1992 2nd round draft pick (Brian Davis was later selected) and a 1994 2nd round draft pick (Anthony Goldwire was later selected).
- October 30, 1991
Waived Joe Barry Carroll.
- November 15, 1991
Waived Trent Tucker.
- February 14, 1992
Signed Steve Burtt to the first of two 10-day contracts.
- March 5, 1992
Signed Steve Burtt to a contract for the rest of the season.
- April 23, 1992
Hired Paul Westphal as Head Coach.
Reassigned Head Coach Cotton Fitzsimmons.
- June 17, 1992
Waived Steve Burtt.
- June 24, 1992
Drafted Ron Ellis in the 2nd round (49th pick) of the 1992 NBA Draft.
Drafted Brian Davis in the 2nd round (48th pick) of the 1992 NBA Draft.
Drafted Oliver Miller in the 1st round (22nd pick) of the 1992 NBA Draft.