| | | Wednesday, January 3rd, 1962 | | Signed free agent LF Bob Skinner to a 3-year contract worth a total of $1,377,300. |
| Thursday, November 30th, 1961 | | Drafted 2B Denis Menke in the 1961 first-year player draft (Round 1, Pick 9, 9th overall pick). | | Drafted SP Denny Lemaster in the 1961 first-year player draft (Round 1, Pick 12, 12th overall pick). | | Drafted SP Bo Belinsky in the 1961 first-year player draft (Round 2, Pick 9, 33rd overall pick). | | Drafted C Ed Kirkpatrick in the 1961 first-year player draft (Round 2, Pick 12, 36th overall pick). | | Drafted SP Joe Bonikowski in the 1961 first-year player draft (Round 3, Pick 3, 49th overall pick). | | Drafted C Merritt Ranew in the 1961 first-year player draft (Round 3, Pick 12, 58th overall pick). | | Drafted 2B Cookie Rojas in the 1961 first-year player draft (Round 3, Pick 13, 59th overall pick). | | Drafted MR Bob Moorhead in the 1961 first-year player draft (Round 4, Pick 3, 72nd overall pick). | | Drafted MR Frank Kreutzer in the 1961 first-year player draft (Round 4, Pick 11, 80th overall pick). | | Drafted MR Bob Botz in the 1961 first-year player draft (Round 4, Pick 14, 83rd overall pick). | | Drafted MR Jack Jenkins in the 1961 first-year player draft (Round 5, Pick 9, 103rd overall pick). | | Drafted MR Billy Macleod in the 1961 first-year player draft (Round 5, Pick 16, 110th overall pick). |
| Sunday, November 12th, 1961 | | SP Bob Bruce received a 1-year contract through automatic renewal worth a total of $14,763. | | 3B Gene Leek received a 1-year contract through automatic renewal worth a total of $14,763. | | MR John Buzhardt received a 1-year contract through automatic renewal worth a total of $14,763. | | C Gordon Massa received a 1-year contract through automatic renewal worth a total of $14,763. | | MR Gene Fodge received a 1-year contract through automatic renewal worth a total of $14,763. | | 1B Footer Johnson received a 1-year contract through automatic renewal worth a total of $14,763. | | MR Jake Striker received a 1-year contract through automatic renewal worth a total of $14,763. | | CL Gary Peters received a 1-year contract through automatic renewal worth a total of $14,763. | | SS Jerry Kindall becomes a free-agent. | | C Moe Thacker received a 1-year contract through automatic renewal worth a total of $14,763. | | LF Al Spangler received a 1-year contract through automatic renewal worth a total of $14,763. | | LF Walt Bond received a 1-year contract through automatic renewal worth a total of $14,763. | | 2B Chuck Cottier received a 1-year contract through automatic renewal worth a total of $14,763. |
| Thursday, November 9th, 1961 | | SP Bob Anderson received a 1-year contract through arbitration worth a total of $38,010. | | CF Chick King received a 1-year contract through arbitration worth a total of $22,145. | | MR Dolan Nichols received a 1-year contract through arbitration worth a total of $22,145. | | MR Don Elston received a 1-year contract through arbitration worth a total of $22,145. | | C Cal Neeman becomes a free-agent. | | RF Lou Jackson received a 1-year contract through arbitration worth a total of $22,145. | | 2B Johnny Goryl received a 1-year contract through arbitration worth a total of $22,145. | | SP Glen Hobbie received a 1-year contract through arbitration worth a total of $80,000. | | C Sammy Taylor received a 1-year contract through arbitration worth a total of $85,000. | | 2B Tony Taylor received a 1-year contract through arbitration worth a total of $85,000. |
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