| Tuesday, January 2nd , 1962 |
| Drafted 2B Jack Betts in the 1961 expansion draft from the Chicago Cougars (Round 34, Pick 3, 135th overall pick). |
| Drafted 1B Don Smith in the 1961 expansion draft from the Pittsburgh Miners (Round 35, Pick 2, 138th overall pick). |
| Drafted SS Red Ellis in the 1961 expansion draft from the Kansas City Kings (Round 36, Pick 3, 143rd overall pick). |
| Drafted 2B Max Bailey in the 1961 expansion draft from the Kansas City Kings (Round 37, Pick 2, 146th overall pick). |
| Drafted 3B Walt Bantle in the 1961 expansion draft from the San Francisco Sailors (Round 38, Pick 3, 151st overall pick). |
| Drafted RP Bill Holm in the 1961 expansion draft from the Cincinnati Cannons (Round 39, Pick 2, 154th overall pick). |
| Drafted RP Glenn Webb in the 1961 expansion draft from the Chicago Chiefs (Round 40, Pick 3, 159th overall pick). |
| Drafted CL Charlie Todd in the 1961 expansion draft from the Toronto Wolves (Round 41, Pick 2, 162nd overall pick). |
| Drafted 2B Phil Taylor in the 1961 expansion draft from the Toronto Wolves (Round 42, Pick 3, 167th overall pick). |
| Drafted RF Jim Lang in the 1961 expansion draft from the Toronto Wolves (Round 43, Pick 2, 170th overall pick). |
| Drafted RP Alex Vaughan in the 1961 expansion draft from the Pittsburgh Miners (Round 44, Pick 3, 175th overall pick). |
| Drafted RP Joe Campbell in the 1961 expansion draft from the St. Louis Pioneers (Round 45, Pick 2, 178th overall pick). |
| Drafted SP Harry Cahill in the 1961 expansion draft from the Montreal Saints (Round 46, Pick 3, 183rd overall pick). |
| Drafted C Dan Finch in the 1961 expansion draft from the New York Gothams (Round 47, Pick 2, 186th overall pick). |
| Drafted C Ron Hunter in the 1961 expansion draft from the Montreal Saints (Round 48, Pick 3, 191st overall pick). |
| Drafted CF John Hitchcock in the 1961 expansion draft from the New York Gothams (Round 49, Pick 2, 194th overall pick). |
| Drafted LF Bob Bloom in the 1961 expansion draft from the Boston Minutemen (Round 50, Pick 3, 199th overall pick). |
| Received RP Glenn Webb from Class C Burlington. |
| Received 3B Walt Bantle from Class C Burlington. |
| Received CF John Hitchcock from Class C Burlington. |
| Received 2B Ed Tilton from Class C Burlington. |
| Received LF Bob Bloom from Class C Burlington. |
| Demoted LF Bob Bloom to Class C Burlington. |
| Received LF Bob Bloom from Class C Burlington. |
| Demoted LF Bob Bloom to Class C Burlington. |
