Offseason
- October 13, 1971: Jim Lyttle was traded by the Yankees to the Chicago White Sox for Rich Hinton.
- December 2, 1971: Stan Bahnsen was traded by the Yankees to the Chicago White Sox for Rich McKinney.
- December 2, 1971: Terry Ley and Gary Jones were traded by the Yankees to the Texas Rangers for Bernie Allen.
- January 20, 1972: The Yankees traded a player to be named later to the Chicago Cubs for Johnny Callison. The Yankees completed the deal by sending Jack Aker to the Cubs on May 17.
- February 2, 1972: Hal Lanier was purchased by the Yankees from the San Francisco Giants.
- March 22, 1972: Danny Cater and a player to be named later were traded by the Yankees to the Boston Red Sox for Sparky Lyle. The Yankees completed the deal by sending Mario Guerrero to the Red Sox on June 30.
- March 31, 1972: Frank Tepedino was purchased by the Yankees from the Milwaukee Brewers.
Read more about this topic: 1972 New York Yankees Season