| Thursday, November 30th, 1961 |
| Placed C Clint Courtney on the 40-man roster. |
| Placed C Clint Courtney on the active roster. |
| Drafted 1B Joe Pepitone in the 1961 first-year player draft (Round 1, Pick 18, 18th overall pick). |
| Drafted SS Phil Linz in the 1961 first-year player draft (Round 2, Pick 18, 42nd overall pick). |
| Drafted SS Marty Martinez in the 1961 first-year player draft (Round 3, Pick 19, 65th overall pick). |
| Drafted MR Jim Hannan in the 1961 first-year player draft (Round 4, Pick 21, 90th overall pick). |
| Drafted 3B Jake Gibbs in the 1961 first-year player draft (Round 5, Pick 24, 118th overall pick). |
| Drafted 3B Ramon Conde in the 1961 first-year player draft (Round 5, Pick 25, 119th overall pick). |
| Sunday, November 12th, 1961 |
| MR Bud Daley becomes a free-agent. |
| C Harry Chiti becomes a free-agent. |
| 2B Chuck Hiller received a 1-year contract through automatic renewal worth a total of $14,763. |
| LF Al Luplow received a 1-year contract through automatic renewal worth a total of $14,763. |
| SP Joe Gibbon received a 1-year contract through automatic renewal worth a total of $14,763. |
| CL Earl Francis received a 1-year contract through automatic renewal worth a total of $14,763. |
| MR Howie Nunn received a 1-year contract through automatic renewal worth a total of $14,763. |
| MR Bob Giggie received a 1-year contract through automatic renewal worth a total of $14,763. |
| 1B Kent Hadley received a 1-year contract through automatic renewal worth a total of $14,763. |
| 3B Hector Lopez becomes a free-agent. |
| Demoted CF Jerry Mallett to Triple A Lexington. |
| Demoted LF Stan Johnson to Triple A Lexington. |
| Demoted RF Bob Martyn to Triple A Lexington. |
