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| Tuesday, January 2nd , 1962 |
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| LF Turk Ramsey was drafted by the New York Imperials in the expansion draft. |
| CF Walt Denny was drafted by the Minneapolis Millers in the expansion draft. |
| SP Jim Cooper was drafted by the New York Imperials in the expansion draft. |
| RP Clarence Miller was drafted by the Dallas Wranglers in the expansion draft. |
| LF Hugh Ferebee was drafted by the New York Imperials in the expansion draft. |
| 1B Al Browner was drafted by the New York Imperials in the expansion draft. |
| 2B Roxy Schilling was drafted by the New York Imperials in the expansion draft. |
| SS Tommie Williams was drafted by the New York Imperials in the expansion draft. |
| LF Dick Sheehan was drafted by the Minneapolis Millers in the expansion draft. |
| CL Charlie Mills was drafted by the Dallas Wranglers in the expansion draft. |
| LF Ed Thompson was drafted by the Dallas Wranglers in the expansion draft. |
| 3B Jack Craft was drafted by the Dallas Wranglers in the expansion draft. |
| SS Sam Gallick was drafted by the Los Angeles Suns in the expansion draft. |
| Purchased the contract of 1B Gordon Russell from Triple A Louisville. |
