- July 13, 1962
The Cincinnati Royals traded Larry Staverman to the Chicago Zephyrs for Dave Piontek. Staverman played in the ABL in between.
- August 29, 1962
The New York Knicks traded Darrall Imhoff and cash to the Detroit Pistons for Gene Shue.
- September 5, 1962
The Syracuse Nationals sold Dick Barnett to the Los Angeles Lakers.
- September 10, 1962
The Chicago Zephyrs traded Gene Conley to the New York Knicks for Phil Jordon and Cliff Luyk.
- September 11, 1962
The Chicago Zephyrs signed Johnny Cox as a free agent.
- September 14, 1962
The Los Angeles Lakers traded Tom Hawkins to the Cincinnati Royals for a 1963 2nd round draft pick (Jim King was later selected).
- September 19, 1962
The Detroit Pistons sold George Lee to the San Francisco Warriors.
- October 7, 1962
The St. Louis Hawks traded Charlie Hardnett to the Chicago Zephyrs for Phil Jordon.
- October 12, 1962
The Cincinnati Royals sold Bevo Nordmann to the St. Louis Hawks.
- October 18, 1962
The Boston Celtics sold Gary Phillips to the San Francisco Warriors.
- November 19, 1962
The St. Louis Hawks traded Nick Mantis to the Chicago Zephyrs for a future 2nd round draft pick.
- December 5, 1962
The San Francisco Warriors traded Tom Gola to the New York Knicks for Willie Naulls and Kenny Sears.
- December 28, 1962
The Chicago Zephyrs fired Jack McMahon as Head Coach.
The Chicago Zephyrs hired Slick Leonard as Head Coach.
- January ?, 1963
The Chicago Zephyrs signed Maury King as a free agent.
- January 1, 1963
The New York Knicks signed Bevo Nordmann as a free agent.
- January 22, 1963
The Boston Celtics sold Jack Foley to the New York Knicks.
- January 30, 1963
The Chicago Zephyrs traded Woody Sauldsberry to the St. Louis Hawks for Barney Cable.
- February 1, 1963
The San Francisco Warriors signed Fred LaCour as a free agent.
- April 13, 1963
Dick McGuire resigns as Head Coach for Detroit Pistons.
- May 21, 1963
The Detroit Pistons hired Charles Wolf as Head Coach.
Charles Wolf resigns as Head Coach for Cincinnati Royals.
- June 18, 1963
The Cincinnati Royals hired Jack McMahon as Head Coach.