| Tuesday, January 2nd , 1962 |
| Drafted SP Joe McDowell in the 1961 expansion draft from the Pittsburgh Miners (Round 1, Pick 4, 4th overall pick). |
| Drafted CF Walt Denny in the 1961 expansion draft from the Philadelphia Keystones (Round 2, Pick 1, 5th overall pick). |
| Drafted SP Ed Power in the 1961 expansion draft from the Pittsburgh Miners (Round 3, Pick 4, 12th overall pick). |
| Drafted 3B Cecil Cummings in the 1961 expansion draft from the Cleveland Foresters (Round 4, Pick 1, 13th overall pick). |
| Drafted LF Willie Dieter in the 1961 expansion draft from the Cleveland Foresters (Round 5, Pick 4, 20th overall pick). |
| Drafted RP Bobby Crooks in the 1961 expansion draft from the Chicago Cougars (Round 6, Pick 1, 21st overall pick). |
| Drafted RF Hugh Pate in the 1961 expansion draft from the Chicago Cougars (Round 7, Pick 4, 28th overall pick). |
| Drafted C Don Coe in the 1961 expansion draft from the Montreal Saints (Round 8, Pick 1, 29th overall pick). |
| Drafted LF Dick Bishop in the 1961 expansion draft from the Washington Eagles (Round 9, Pick 4, 36th overall pick). |
| Drafted LF Paul Bailey in the 1961 expansion draft from the Chicago Cougars (Round 10, Pick 1, 37th overall pick). |
| Drafted RF Roy Williams in the 1961 expansion draft from the Chicago Chiefs (Round 11, Pick 4, 44th overall pick). |
| Drafted LF Ralph Capriotti in the 1961 expansion draft from the Kansas City Kings (Round 12, Pick 1, 45th overall pick). |
| Drafted LF Dick Sheehan in the 1961 expansion draft from the Philadelphia Keystones (Round 13, Pick 4, 52nd overall pick). |
| Drafted RF Larry Curtis in the 1961 expansion draft from the Cleveland Foresters (Round 14, Pick 1, 53rd overall pick). |
| Drafted 1B Monty Brown in the 1961 expansion draft from the Chicago Cougars (Round 15, Pick 4, 60th overall pick). |
| Drafted LF Jack Woods in the 1961 expansion draft from the Toronto Wolves (Round 16, Pick 1, 61st overall pick). |
| Drafted 1B John Smith in the 1961 expansion draft from the Los Angeles Stars (Round 17, Pick 4, 68th overall pick). |
| Drafted 1B Leon Wallace in the 1961 expansion draft from the Boston Minutemen (Round 18, Pick 1, 69th overall pick). |
| Drafted LF Bill Ingraham in the 1961 expansion draft from the Montreal Saints (Round 19, Pick 4, 76th overall pick). |
| Drafted LF Eddie Dickey in the 1961 expansion draft from the Los Angeles Stars (Round 20, Pick 1, 77th overall pick). |
| Drafted 1B Art Starling in the 1961 expansion draft from the Cincinnati Cannons (Round 21, Pick 4, 84th overall pick). |
| Drafted SP Bill Parkhurst in the 1961 expansion draft from the Washington Eagles (Round 22, Pick 1, 85th overall pick). |
| Drafted RP Clem Pranger in the 1961 expansion draft from the San Francisco Sailors (Round 23, Pick 4, 92nd overall pick). |
| Drafted 1B George Rico in the 1961 expansion draft from the Montreal Saints (Round 24, Pick 1, 93rd overall pick). |
| Drafted 1B Ed Hill in the 1961 expansion draft from the New York Gothams (Round 25, Pick 4, 100th overall pick). |
| Drafted 2B Roy Gass in the 1961 expansion draft from the St. Louis Pioneers (Round 26, Pick 1, 101st overall pick). |
| Drafted C Thad Jones in the 1961 expansion draft from the Cleveland Foresters (Round 27, Pick 4, 108th overall pick). |
| Drafted CF Les Lehman in the 1961 expansion draft from the Washington Eagles (Round 28, Pick 1, 109th overall pick). |
| Drafted LF Joe Music in the 1961 expansion draft from the Kansas City Kings (Round 29, Pick 4, 116th overall pick). |
| Drafted LF Joe Cahill in the 1961 expansion draft from the Cincinnati Cannons (Round 30, Pick 1, 117th overall pick). |
| Drafted LF Stew Manning in the 1961 expansion draft from the Boston Minutemen (Round 31, Pick 4, 124th overall pick). |
| Drafted 2B Eddie Wright in the 1961 expansion draft from the St. Louis Pioneers (Round 32, Pick 1, 125th overall pick). |
| Drafted RP Dan Charlton in the 1961 expansion draft from the New York Gothams (Round 33, Pick 4, 132nd overall pick). |
| Drafted C Al Ormsby in the 1961 expansion draft from the San Francisco Sailors (Round 34, Pick 1, 133rd overall pick). |
| Drafted SP Don Hillshire in the 1961 expansion draft from the Pittsburgh Miners (Round 35, Pick 4, 140th overall pick). |
| Drafted C Jim Richard in the 1961 expansion draft from the Chicago Cougars (Round 36, Pick 1, 141st overall pick). |
| Drafted C Ernie Frost in the 1961 expansion draft from the Kansas City Kings (Round 37, Pick 4, 148th overall pick). |
| Drafted SP Al Siegfried in the 1961 expansion draft from the Detroit Dynamos (Round 38, Pick 1, 149th overall pick). |
| Drafted RP Jack Jordan in the 1961 expansion draft from the Toronto Wolves (Round 39, Pick 4, 156th overall pick). |
| Drafted 1B Del Murray in the 1961 expansion draft from the Washington Eagles (Round 40, Pick 1, 157th overall pick). |
| Drafted 2B Clarence Jackson in the 1961 expansion draft from the Toronto Wolves (Round 41, Pick 4, 164th overall pick). |
| Drafted 1B John Williams in the 1961 expansion draft from the Boston Minutemen (Round 42, Pick 1, 165th overall pick). |
| Drafted LF Hippo Wallace in the 1961 expansion draft from the Montreal Saints (Round 43, Pick 4, 172nd overall pick). |
| Drafted RF Hap Moody in the 1961 expansion draft from the St. Louis Pioneers (Round 44, Pick 1, 173rd overall pick). |
| Drafted 1B Ford Duncan in the 1961 expansion draft from the Toronto Wolves (Round 45, Pick 4, 180th overall pick). |
| Drafted 1B Walter Medlin in the 1961 expansion draft from the St. Louis Pioneers (Round 46, Pick 1, 181st overall pick). |
| Drafted 3B Nick Schott in the 1961 expansion draft from the Montreal Saints (Round 47, Pick 4, 188th overall pick). |
| Drafted SP Frank Nichols in the 1961 expansion draft from the Boston Minutemen (Round 48, Pick 1, 189th overall pick). |
| Drafted 1B Joe Parker in the 1961 expansion draft from the Toronto Wolves (Round 49, Pick 4, 196th overall pick). |
| Drafted 3B Hap Beach in the 1961 expansion draft from the Montreal Saints (Round 50, Pick 1, 197th overall pick). |
| Purchased the contract of 2B Clarence Jackson from Class C St. Cloud. |
| Assigned 1B George Rico to Triple A Charleston. |
| Assigned 3B Hap Beach to Triple A Charleston. |
| Assigned LF Joe Music to Triple A Charleston. |
| Assigned LF Ralph Capriotti to Triple A Charleston. |
| Assigned 2B Eddie Wright to Triple A Charleston. |
| Demoted RP Andy Stewart from Triple A Charleston to Class C St. Cloud. |
| Demoted SS Doug Parish from Triple A Charleston to Class C St. Cloud. |
| Released RF Bruce Young. |
| Released CF Stan Lilly. |
| Released LF Mark Frank. |
| Released 3B George Cook. |
| Released SS Lynn Williamson. |
| Released SS John Miller. |
| Released C Tom Sullivan. |
| Released LF Hal Stone. |
| Demoted RP Frank Hart from Triple A Charleston to Class C St. Cloud. |
| Demoted SP Gordon Fitzner from Triple A Charleston to Class C St. Cloud. |
| Promoted SP Gordon Fitzner from Class C St. Cloud to Triple A Charleston. |
| Promoted SP Frank Hart from Class C St. Cloud to Triple A Charleston. |
| Demoted SP Frank Hart from Triple A Charleston to Class C St. Cloud. |
| Demoted SP Gordon Fitzner from Triple A Charleston to Class C St. Cloud. |
| Signed General Manager Bob Moore to a 2-year, $14,300 per year contract. |
| Signed Manager Frank Vance to a 2-year, $28,950 per year contract. |
| Signed Bench Coach Tom Steffen to a 2-year, $8,650 per year contract. |
| Signed Team Trainer Chick Vance to a 2-year, $4,450 per year contract. |
| Signed Pitching Coach Cliff Ray to a 2-year, $7,400 per year contract. |
| Signed Hitting Coach Charley Clothier to a 2-year, $18,600 per year contract. |
| Signed 3B Coach Gene Davis to a 2-year, $5,750 per year contract. |
| Signed 1B Coach Leland Jones to a 2-year, $5,650 per year contract. |
| Signed Scouting Director Joe Cameron to a 2-year, $20,650 per year contract. |
