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| Saturday, November 10th , 1962 |
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| Davenport Dusters: Manager Buck Sargent signed as Manager in Davenport. |
| Davenport Dusters: Signed Manager Buck Sargent to a 2-year, $4,900 per year contract. |
| Thursday, October 18th , 1962 |
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| Rockford Wildcats: Signed Manager Butch Myers to a 2-year, $6,800 per year contract. |
| Saturday, October 13th , 1962 |
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| C Joe Welch retired from professional baseball. |
| RP John Nixon retired from professional baseball. |
| 1B Fred Eadie retired from professional baseball. |
| 1B Buck True retired from professional baseball. |
| Cedar Rapids Chiefs: 1B Joe Meltz retired from professional baseball. |
| Springfield Hustlers: SP Ed Owens retired from professional baseball. |
| LF Phil Lee retired from professional baseball. |
| RF Bill Hardaway retired from professional baseball. |
| RP Bert Rogers retired from professional baseball. |
| C Louis Price retired from professional baseball. |
| RP Ray Hatch retired from professional baseball. |
| 3B Bill Krause retired from professional baseball. |
| Manager Norm Jones retires. |
| Manager Charlie Durocher retires. |
| Hitting Coach Marv Munville retires. |
| Gary Steelmen: Signed Hitting Coach Joe Alcocer to a 2-year contract extension. |
| Gary Steelmen: Signed Manager Bill White to a 2-year contract extension. |
| Springfield Hustlers: Pitching Coach Frank Miller leaves the team, his contract was not renewed |
| Springfield Hustlers: Hitting Coach George Black leaves the team, his contract was not renewed |
| Rockford Wildcats: Manager Bobby McCarthy leaves the team, his contract was not renewed |
| Tuesday, September 25th , 1962 |
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| Gary Steelmen: 2B Pat Collins retired from professional baseball. |
| Gary Steelmen: Activated RP Dixie Hudson from the injured list. |
| Gary Steelmen: Activated SP Dan Wilson from the injured list. |
| Monday, September 24th , 1962 |
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| Gary Steelmen: Placed SP Dan Wilson on the 10-day injured list, retroactive to 09/21/1962. |
| Thursday, September 20th , 1962 |
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| Gary Steelmen: Placed RP Dixie Hudson on the 10-day injured list, retroactive to 09/19/1962. |
| Monday, September 17th , 1962 |
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| Gary Steelmen: Activated SP Wes Olson from the injured list. |
| Wednesday, September 12th , 1962 |
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| Gary Steelmen: Activated SP Norm Stover from the injured list. |
| Friday, September 7th , 1962 |
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| Gary Steelmen: Placed SP Wes Olson on the 10-day injured list, retroactive to 09/06/1962. |
| Friday, August 31st , 1962 |
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| Gary Steelmen: Released RP Pat Hackney. |
| Saturday, August 18th , 1962 |
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| Gary Steelmen: Released RP Pat Hackney. |
| Monday, August 6th , 1962 |
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| Gary Steelmen: Placed SP Norm Stover on the 10-day injured list, retroactive to 08/05/1962. |
| Wednesday, August 1st , 1962 |
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| Gary Steelmen: Released RP Pat Hackney. |
| Terre Haute Brewers: Fired Manager Sandy Grabow. |
| Terre Haute Brewers: Signed Manager Al Murphy to a 2-year, $3,550 per year contract. |
| Thursday, July 26th , 1962 |
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| Gary Steelmen: Released RP Hank Bowers. |
| Monday, July 2nd , 1962 |
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| Gary Steelmen: Released SP Leo Sherman. |
| Tuesday, April 24th , 1962 |
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| Gary Steelmen: Signed free agent LF Hank Smith to a minor league contract. |
| Gary Steelmen: Released LF John Reynolds. |
| Monday, April 2nd , 1962 |
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| Gary Steelmen: Released SP Leo Sherman. |
| Friday, March 23rd , 1962 |
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| Peoria Pastimers: Released RP Bob Lehrman. |
| Peoria Pastimers: Released RP John Nixon. |
| Peoria Pastimers: Released RP George Carter. |
| Peoria Pastimers: Released RP Don Dillard. |
| Peoria Pastimers: Released SP Chuck Crea. |
| Friday, March 16th , 1962 |
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| Gary Steelmen: Released RP Ken Palmer. |
| Gary Steelmen: Released RP Frank Hubbard. |
| Gary Steelmen: Released SP Mickey Davenport. |
| Sunday, February 18th , 1962 |
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| Davenport Dusters: Manager George K Brooks signed as Manager in Davenport. |
| Davenport Dusters: Signed Manager George K Brooks to a 2-year, $4,000 per year contract. |
| Sunday, January 21st , 1962 |
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| Cedar Rapids Chiefs: Fired Hitting Coach Jimmy Faulhaber. |
| Friday, January 19th , 1962 |
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| Cedar Rapids Chiefs: Fired Pitching Coach Ham Clark. |
