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Transactions listed are from July 1, 1991 to
June 30, 1992.
- August 24, 1991
Released Paul Mokeski.
- November 1, 1991
- December 21, 1991
Waived Mike Smrek.
- December 22, 1991
Signed Jud Buechler as a free agent.
- January 24, 1992
Signed Jaren Jackson to the first of two 10-day contracts.
- January 28, 1992
Signed Mike Smrek to a 10-day contract.
- February 10, 1992
Signed Kenny Battle to the first of two 10-day contracts.
- February 13, 1992
Signed Tony Massenburg to the first of two 10-day contracts.
- March 4, 1992
Signed Billy Thompson to a 10-day contract.
- March 9, 1992
Waived Billy Thompson.
- June 24, 1992
Drafted Latrell Sprewell in the 1st round (24th pick) of the 1992 NBA Draft.
Drafted Sasha Danilović in the 2nd round (43rd pick) of the 1992 NBA Draft.
Drafted Matt Fish in the 2nd round (50th pick) of the 1992 NBA Draft.