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Transactions listed are from November 1 of previous year to April 1 of the following year.
October 4, 1940
Dick Conger drafted by the Pittsburgh Pirates in the 1940 rule 5 draft.
December, 1940
Sold Scat Metha to Knoxville (Southern Association).
Traded Les Fleming to Nashville (Southern Association). Received Bob Boken, Mickey Rocco and cash.
December 12, 1940
Sold Pete Fox to the Boston Red Sox.
December 18, 1940
Selected Eric McNair off waivers from the Chicago White Sox.
1941
Frank Carswell received from Texarkana (Big State) in an unknown transaction.
Signed Hoot Evers as an amateur free agent.
Bobby Hogue received from Hollywood (Florida East Coast) in an unknown transaction.
Signed Johnny Lipon as an amateur free agent.
Signed Stubby Overmire as an amateur free agent.
Obtained Hal White from Buffalo (International) as part of a minor league working agreement.
February 8, 1941
Released Earl Averill.
April 2, 1941 (Standings)
Sold Tom Seats to San Francisco (PCL).
April 5, 1941 (Standings)
Sold Clay Smith to the Chicago White Sox.
May 5, 1941 (Standings)
Purchased Rip Radcliff from the St. Louis Browns for $25,000.
June, 1941 (Standings)
Earl Rapp received from the Boston Red Sox in an unknown transaction.
June 21, 1941 (Standings)
Signed Dick Wakefield as an amateur free agent.
July 16, 1941 (Standings)
Sold Frank Jelincich to the Chicago Cubs.
August 4, 1941 (Standings)
Sold Archie McKain to the St. Louis Browns.
September 8, 1941 (Standings)
Purchased Billy Hitchcock from the New York Yankees.
September 30, 1941 (Standings)
Drafted Roy Henshaw from the New York Giants in the 1941 rule 5 draft.
Sal Maglie drafted by the New York Giants in the 1941 rule 5 draft.
Drafted Don Ross from the Brooklyn Dodgers in the 1941 rule 5 draft.
December 4, 1941
Sold Boyd Perry and Tuck Stainback to the New York Yankees.
December 12, 1941
Traded Bruce Campbell and Frank Croucher to the Washington Senators. Received Jimmy Bloodworth and Doc Cramer.
1942
Signed Neil Berry as an amateur free agent.
Signed Ted Gray as an amateur free agent.
Signed Bob Hall as an amateur free agent.
Signed George Lerchen as an amateur free agent.
Signed Vic Wertz as an amateur free agent.
February 4, 1942
Released Charlie Gehringer.
March 13, 1942
Sold Billy Sullivan to the Brooklyn Dodgers.
March 31, 1942
Sold Bobo Newsom to the Washington Senators for $40,000.