Search Results
| Date | Team | Acquired | Relinquished | Notes |
| 1971-06-10 | Penguins | • Andy Bathgate (a) | acquired by Rochester Americans (AHL) | |
| 1971-06-10 | Penguins | • Brian McKenzie | 1971 NHL amateur draft second round pick (#18 overall) | |
| 1971-06-10 | Penguins | • Joe Noris | 1971 NHL amateur draft third round pick (#32 overall) | |
| 1971-06-10 | Penguins | • Gerry Methe | 1971 NHL amateur draft fourth round pick (#46 overall) | |
| 1971-06-10 | Penguins | • Dave Murphy | 1971 NHL amateur draft fifth round pick (#60 overall) | |
| 1971-06-10 | Penguins | • Ian Williams | 1971 NHL amateur draft sixth round pick (#74 overall) | |
| 1971-06-10 | Penguins | • Doug Elliott | 1971 NHL amateur draft seventh round pick (#88 overall) | |
| 1971-07-01 | Penguins | • Andy Bathgate (a) | retired (date approximate) | |
| 1971-08-13 | Penguins | • Sheldon Kannegiesser | signed | |
| 1971-09-02 | Penguins | • Bob Woytowich | re-signed | |
| 1971-09-02 | Penguins | • Tim Horton | re-signed to a 1-year contract | |
| 1971-09-02 | Penguins | • Wally Boyer | re-signed | |
| 1971-09-03 | Penguins | • Jean Provonost | signed | |
| 1971-09-04 | Penguins | • Bill Hicke / Billy Hicke / Billy Hicks | • cash | trade with Golden Seals |
| 1971-09-08 | Penguins | • Dave Burrows | re-signed | |
| 1971-09-08 | Penguins | • Rene Robert | re-signed | |
| 1971-09-08 | Penguins | • Roy Edwards | re-signed | |
| 1971-10-03 | Penguins | • cash | • Bob Blackburn | trade with Canucks |
| 1971-10-06 | Penguins | • cash | • Dean Prentice | trade with North Stars |
| 1971-11-22 | Penguins | • cash | • Bill Hicke / Billy Hicke / Billy Hicks | trade with Red Wings |
| 1971-12-30 | Penguins | • Roy Edwards | retired | |
| 1972-01-11 | Penguins | • Al McDonough | • Bob Woytowich | trade with Kings |
| 1972-01-29 | Penguins | • Leonard Kelly / Red Kelly | resigned as general manager (remained as head coach) | |
| 1972-01-29 | Penguins | • Jack Riley | hired as general manager (in addition to president) | |
| 1972-03-04 | Penguins | • Eddie Shack | • Rene Robert • cash |
trade with Sabres |
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