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| Thursday, June 1st , 1972 |
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| Signed Manager Greg Saunders to a 3-year contract extension. |
| Released 2B Phil Burke. |
| 2B Phil Burke was drafted by the Louisville Redbirds. |
| Released CF Marv French. |
| CF Marv French was drafted by the Seattle Rainiers. |
| Released 1B Darrell Schmidt. |
| 1B Darrell Schmidt was drafted by the Philadelphia Athletics. |
| Released RF Robert Wheeler. |
| RF Robert Wheeler was drafted by the Montreal Royals. |
| Released RF Freddie Elliott. |
| LF Freddie Elliott was drafted by the St. Louis Terriers. |
| Released SP Keith Ayala. |
| SP Keith Ayala was drafted by the Kinuso Blues. |
| Released SP Steven Bennett. |
| SP Steven Bennett was drafted by the Honolulu Rays. |
| Released RP Octávio Morales. |
| RP Octávio Morales was drafted by the Edmonton Trappers. |
| Released 1B Francisco Castro. |
| 1B Francisco Castro was drafted by the Toronto Blue Jays. |
| Released RP Ron Weston. |
| RP Ron Weston was drafted by the Stockton 209. |
| Released RP Jorge Velásquez. |
| SP Jorge Velásquez was drafted by the Harlem Hellions. |
