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Transactions listed are from November 1 of previous year to April 1 of the following year.
April 2, 1932 (Standings)
Returned Wes Kingdon (earlier draft pick) to Chattanooga (Southern Association).
April 27, 1932 (Standings)
Traded Red Kress to the Chicago White Sox. Received Bruce Campbell and Bump Hadley.
June 9, 1932 (Standings)
Traded Dick Coffman to the Washington Senators. Received Carl Fischer.
June 30, 1932 (Standings)
Traded Tom Jenkins to the St. Louis Cardinals. Received Showboat Fisher.
September 9, 1932 (Standings)
Sold Chad Kimsey to the Chicago White Sox.
December 9, 1932
Signed Muddy Ruel as a free agent.
December 13, 1932
Traded Carl Fischer to the Washington Senators. Received Dick Coffman.
December 14, 1932
Traded Goose Goslin, Fred Schulte and Lefty Stewart to the Washington Senators. Received Lloyd Brown, Carl Reynolds, Sam West and $20,000.