Transactions listed are from July 1, 1948 to June 30, 1949.

• August 30, 1948

  The Boston Celtics sold the player rights to Mike Bloom to the Minneapolis Lakers.

• October ?, 1948

  The Chicago Stags sold the player rights to Jim Seminoff to the Boston Celtics.

• October 13, 1948

  The New York Knicks sold the player rights to Stan Stutz to the Boston Celtics.

• October 25, 1948

  The St. Louis Bombers sold the player rights to Irv Rothenberg to the New York Knicks.

• November 18, 1948

  The Philadelphia Warriors signed Elmore Morgenthaler as a free agent.

• November 19, 1948

  The Boston Celtics signed Bob Doll as a free agent.

  The Baltimore Bullets traded John Mahnken to the Indianapolis Jets for Freddie Lewis and Hal Tidrick.

  The Boston Celtics signed Bob Doll. St. Louis had reserve rights to Doll and was entitled to compensation from Boston, later settled with Bill Roberts trade 02/01/1949.

• November 20, 1948

  The Chicago Stags sold the player rights to Bill Roberts to the Boston Celtics.

• December ?, 1948

  The Minneapolis Lakers released Mike Bloom.

• December 1, 1948

  The Philadelphia Warriors sold the player rights to Roy Pugh to the Fort Wayne Pistons.

• December 2, 1948

  The Baltimore Bullets claimed Johnny Ezersky on waivers from the Providence Steam Rollers.

• December 15, 1948

  The Philadelphia Warriors sold the player rights to Bob O'Brien to the St. Louis Bombers.

• December 19, 1948

  The Indianapolis Jets traded Bruce Hale and John Mahnken to the Fort Wayne Pistons for Ralph Hamilton, Walt Kirk and Blackie Towery.

• December 21, 1948

  The Rochester Royals sold the player rights to Lionel Malamed to the Indianapolis Jets.

• December 28, 1948

  The Washington Capitols waived Jack Toomay.

• January ?, 1949

  The St. Louis Bombers sold the player rights to Giff Roux to the Providence Steam Rollers.

  The Baltimore Bullets signed Jack Toomay as a free agent.

  The Providence Steam Rollers released Earl Shannon.

• January 2, 1949

  Red Auerbach resigns as Head Coach for Washington Capitols.

• January 16, 1949

  The Boston Celtics traded Chick Halbert and Mel Riebe to the Providence Steam Rollers for George Nostrand.

• January 21, 1949

  The Boston Celtics signed Earl Shannon as a free agent.

• January 26, 1949

  The Indianapolis Jets traded Ray Lumpp to the New York Knicks for Tommy Byrnes and cash.

• January 27, 1949

  The Philadelphia Warriors sold the player rights to Phil Farbman to the Boston Celtics.

• January 28, 1949

  The Chicago Stags signed Mike Bloom as a free agent.

• January 30, 1949

  The Fort Wayne Pistons sold the player rights to Bob Kinney to the Boston Celtics.

• February ?, 1949

  The Boston Celtics claimed Johnny Ezersky on waivers from the Baltimore Bullets.

• February 3, 1949

  The Indianapolis Jets traded Charlie Black to the Fort Wayne Pistons for Leo Mogus and cash.

• February 4, 1949

  The Chicago Stags signed Carl Meinhold as a free agent.

  The Chicago Stags sold the player rights to Bill Miller to the St. Louis Bombers.

• February 5, 1949

  The Baltimore Bullets sold the player rights to Irv Torgoff to the Philadelphia Warriors.

• February 7, 1949

  The Chicago Stags sold the player rights to Whitey Kachan to the Minneapolis Lakers.

  The Providence Steam Rollers traded Otto Schnellbacher to the St. Louis Bombers for Buddy O'Grady.

• February 11, 1949

  The St. Louis Bombers released Don Martin.

  The Baltimore Bullets signed Don Martin as a free agent.

  The New York Knicks traded Sid Tanenbaum to the Baltimore Bullets for Connie Simmons. Simmons was sent as the player to be named later in July 1949.

• May ?, 1949

  The Indianapolis Jets sold the player rights to Tommy Byrnes to the New York Knicks.

• June 22, 1949

  The Boston Celtics sold the player rights to Gene Stump to the Minneapolis Lakers.