| Postseason: |
Lost World Series (4-3) to Oakland Athletics Won NL Championship Series (3-2) over Cincinnati Reds |

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Transactions listed are from November 1 of previous year to April 1 of the following year.
November 2, 1972
Traded Danny Frisella and Gary Gentry to the Atlanta Braves. Received Felix Millan and George Stone.
November 27, 1972
Mike Bruhert drafted by the Philadelphia Phillies in the 1972 rule 5 draft.
Drafted Nardi Contreras from the Cincinnati Reds in the 1972 minor league draft.
Traded Bob Rauch and Brent Strom to the Cleveland Indians. Received Phil Hennigan.
Traded Tommie Agee to the Houston Astros. Received Rich Chiles and Buddy Harris.
November 30, 1972
Traded Dave Marshall to the San Diego Padres. Received Al Severinsen.
February 1, 1973
Traded Barry Raziano to the Kansas City Royals. Received Jerry Cram.
March 3, 1973
Signed Manny Castillo as an amateur free agent.
March 28, 1973
Traded Bill Sudakis to the Texas Rangers. Received Bill McNulty.
April 10, 1973 (Standings)
The Philadelphia Phillies returned Mike Bruhert (earlier draft pick).
May 14, 1973 (Standings)
Purchased Jerry May from the Kansas City Royals.
June 5, 1973 (Standings)
Drafted Lee Mazzilli in the 1st round (14th pick) of the 1973 amateur draft.
Drafted Jackson Todd in the 2nd round of the 1973 amateur draft.
Drafted Mardie Cornejo in the 21st round of the 1973 amateur draft.
Drafted Warren Brusstar in the 33rd round of the 1973 amateur draft, but did not sign the player.
July 10, 1973 (Standings)
Released Jerry May.
July 11, 1973 (Standings)
Sold Jim Fregosi to the Texas Rangers.
July 16, 1973 (Standings)
Selected John Strohmayer off waivers from the Montreal Expos.
September 23, 1973 (Standings)
Purchased Bob Miller from the Detroit Tigers.
December 20, 1973
Traded Jim McAndrew to the San Diego Padres. Received Steve Simpson.
1974
Larry Fritz sent to the Philadelphia Phillies in an unknown transaction.
February 18, 1974
Signed Orlando Sanchez as an amateur free agent.
March 26, 1974
Sold Buzz Capra to the Atlanta Braves.
March 27, 1974
Released Jim Beauchamp.