Transactions listed are from July 1, 1991 to
June 30, 1992.
- August 23, 1991
Signed Bart Kofoed as a free agent.
- October 1, 1991
Signed Marty Conlon as a free agent.
- October 2, 1991
Traded Sedale Threatt to the Los Angeles Lakers for a 1994 2nd round draft pick (Dontonio Wingfield was later selected), a 1995 2nd round draft pick (Martin Lewis was later selected) and a 1996 2nd round draft pick (Jeff Nordgaard was later selected).
- December 10, 1991
Waived Quintin Dailey.
- January 15, 1992
Fired K.C. Jones as Head Coach.
Appointed Bob Kloppenburg as Interim Head Coach.
- January 23, 1992
Hired George Karl as Head Coach.
- February 20, 1992
Signed Tony Brown to a contract for the rest of the season.
- June 24, 1992
Drafted Doug Christie in the 1st round (17th pick) of the 1992 NBA Draft.
Drafted Chris King in the 2nd round (45th pick) of the 1992 NBA Draft.