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Transactions listed are from October 1 of previous year to April 1 of the following year.
- November 5, 1931
Traded players to be named later to Indianapolis (American Association). Received Len Koenecke. The New York Giants sent Johnny Cooney (November 5, 1931), Joe Heving (November 5, 1931), Jack Berly (November 5, 1931) and Harry Rosenberg (November 5, 1931) to Indianapolis (American Association) to complete the trade.
- Before 1932 Season
Sold Johnny Cooney to Toledo (American Association).
- February 11, 1932
Signed Dolf Luque as a free agent.
- March 19, 1932
- June 23, 1932
Signed Waite Hoyt as a free agent.
- September 8, 1932
- September 15, 1932
Purchased Paul Richards from Minneapolis (American Association).
- September 27, 1932
- October 10, 1932
- November 29, 1932
- December 12, 1932
As part of a 3-team trade, traded Freddie Lindstrom to the Pittsburgh Pirates and Chick Fullis to the Philadelphia Phillies. Received Glenn Spencer from the Pittsburgh Pirates and Kiddo Davis from the Philadelphia Phillies. In addition, the Pittsburgh Pirates sent Gus Dugas to the Philadelphia Phillies.
- December 13, 1932
- December 14, 1932
- December 29, 1932