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Transactions listed are from November 1 of previous year to April 1 of the following year.
October 1, 1940
Red Howell drafted by the Cleveland Indians in the 1940 rule 5 draft.
Drafted Rube Melton from the St. Louis Cardinals in the 1940 rule 5 draft.
November 11, 1940
Traded Kirby Higbe to the Brooklyn Dodgers. Received Bill Crouch, Mickey Livingston, Vito Tamulis and $100,000.
December, 1940
Sold Bubba Floyd to Dallas (Texas).
1941
Earl Rapp sent to the Boston Red Sox in an unknown transaction.
January 4, 1941
Sold Ham Schulte to Hollywood (PCL).
February 4, 1941
Sold Art Mahan to Little Rock (Southern Association).
February 8, 1941
Released Syl Johnson.
February 28, 1941
Purchased Bob Seeds from the New York Giants.
March 29, 1941
Purchased Bill Nagel from the Philadelphia Athletics.
May 6, 1941 (Standings)
Traded Vito Tamulis to the Brooklyn Dodgers. Received Lee Grissom.
May 12, 1941 (Standings)
Sold Bill Nagel to Syracuse (International).
June 21, 1941 (Standings)
Bill Crouch selected by the St. Louis Cardinals off waivers.
June 28, 1941 (Standings)
Purchased Danny Murtaugh from the St. Louis Cardinals.
August 14, 1941 (Standings)
Traded Dixie Howell to the Brooklyn Dodgers. Received John S. Bell (minors), Ray Roche (minors), Joe Becker and George Staller.
September 30, 1941 (Standings)
Drafted Al Glossop from the New York Yankees in the 1941 rule 5 draft.
October 13, 1941 (Standings)
Austin Knickerbocker selected by the New York Giants in the 1941 minor league draft.
December 4, 1941
Purchased Ron Northey from the Philadelphia Athletics.
Signed Lloyd Waner as a free agent.
December 9, 1941
Sold Heinie Mueller to the Brooklyn Dodgers.
December 10, 1941
Sold Johnny Rizzo to the Brooklyn Dodgers.
January 12, 1942
Released Chuck Klein.