Transactions listed are from July 1, 1953 to June 30, 1954.

• August 23, 1953

  The Milwaukee Hawks sold the player rights to Mel Hutchins to the Fort Wayne Pistons.

• August 24, 1953

  The Baltimore Bullets traded Jim Baechtold to the New York Knicks for Roy Belliveau, Jim Luisi and Max Zaslofsky.

• August 27, 1953

  The Baltimore Bullets traded Don Barksdale to the Boston Celtics for Jim Doherty, Herm Hedderick, Mo Mahoney, Vernon Stokes and cash.

• September ?, 1953

  The Rochester Royals released Red Holzman.

• September 25, 1953

  The Milwaukee Hawks signed Red Holzman as a free agent.

• October 7, 1953

  The Boston Celtics signed Ed Mikan as a free agent.

• October 27, 1953

  The Minneapolis Lakers sold the player rights to Lew Hitch to the Milwaukee Hawks.

• November 11, 1953

  The Minneapolis Lakers traded Jim Fritsche to the Baltimore Bullets for cash.

• November 23, 1953

  The Milwaukee Hawks traded Bob Lavoy to the Syracuse Nationals for Noble Jorgensen.

  The Milwaukee Hawks signed Bob Peterson as a free agent.

• November 25, 1953

  The Baltimore Bullets traded Max Zaslofsky to the Milwaukee Hawks for Bob Houbregs.

• November 29, 1953

  The Milwaukee Hawks traded Jack Nichols to the Boston Celtics for John Azary, Fred Eydt, Tom Lillis, J.C. Maze and Paul Unruh.

• December 21, 1953

  The Milwaukee Hawks traded Max Zaslofsky to the Fort Wayne Pistons for Chuck Share.

  The Milwaukee Hawks traded Lew Hitch to the Minneapolis Lakers for Bobby Watson.

• December 29, 1953

  The Fort Wayne Pistons sold the player rights to Fred Schaus to the New York Knicks.

• January ?, 1954

  The Milwaukee Hawks signed Dick Surhoff as a free agent.

• February 2, 1954

  The Minneapolis Lakers sold the player rights to Bob Harrison to the Milwaukee Hawks.

• February 12, 1954

  The Baltimore Bullets traded Leo Barnhorst to the Fort Wayne Pistons for cash.

• May 28, 1954

  The Boston Celtics sold the player rights to Chuck Cooper to the Milwaukee Hawks.