| Tuesday, January 2nd , 1962 |
| Drafted RP Jack Thomas in the 1961 expansion draft from the Boston Minutemen (Round 33, Pick 1, 129th overall pick). |
| Drafted RP Bob Brown in the 1961 expansion draft from the Toronto Wolves (Round 34, Pick 4, 136th overall pick). |
| Drafted 3B Carl Matthews in the 1961 expansion draft from the San Francisco Sailors (Round 35, Pick 1, 137th overall pick). |
| Drafted RF Bill DeLong in the 1961 expansion draft from the San Francisco Sailors (Round 36, Pick 4, 144th overall pick). |
| Drafted 3B Ed Hester in the 1961 expansion draft from the Chicago Chiefs (Round 37, Pick 1, 145th overall pick). |
| Drafted 3B Aaron Jones in the 1961 expansion draft from the New York Gothams (Round 38, Pick 4, 152nd overall pick). |
| Drafted RP Chet Baker in the 1961 expansion draft from the Cleveland Foresters (Round 39, Pick 1, 153rd overall pick). |
| Drafted 2B Adam Ramsey in the 1961 expansion draft from the Toronto Wolves (Round 40, Pick 4, 160th overall pick). |
| Drafted C Jim Gaiter in the 1961 expansion draft from the Chicago Chiefs (Round 41, Pick 1, 161st overall pick). |
| Drafted LF Martin Perry in the 1961 expansion draft from the New York Gothams (Round 42, Pick 4, 168th overall pick). |
| Drafted 3B Roy Snedden in the 1961 expansion draft from the Pittsburgh Miners (Round 43, Pick 1, 169th overall pick). |
| Drafted C Milt Jenks in the 1961 expansion draft from the Chicago Chiefs (Round 44, Pick 4, 176th overall pick). |
| Drafted RP Gus McCombs in the 1961 expansion draft from the St. Louis Pioneers (Round 45, Pick 1, 177th overall pick). |
| Drafted 1B Danny Murphy in the 1961 expansion draft from the Detroit Dynamos (Round 46, Pick 4, 184th overall pick). |
| Drafted 1B Pete Ireton in the 1961 expansion draft from the Montreal Saints (Round 47, Pick 1, 185th overall pick). |
| Drafted LF Mike Malone in the 1961 expansion draft from the Boston Minutemen (Round 48, Pick 4, 192nd overall pick). |
| Drafted LF Chet Hammond in the 1961 expansion draft from the Pittsburgh Miners (Round 49, Pick 1, 193rd overall pick). |
| Drafted SP Ansel Rohling in the 1961 expansion draft from the Detroit Dynamos (Round 50, Pick 4, 200th overall pick). |
| Received RP Gus McCombs from Major League Dallas. |
| Received C Walt Bennett from Class C Alexandria. |
| Received CF Bud Haussler from Class C Alexandria. |
| Promoted SP Gus McCombs to Major League Dallas. |
