Transactions listed are from July 1, 1954 to June 30, 1955.

• September 17, 1954

  The Baltimore Bullets traded Ray Felix and Chuck Grigsby to the New York Knicks for Alfred McGuire and Connie Simmons.

• September 18, 1954

  The Minneapolis Lakers traded Pep Saul to the Milwaukee Hawks for Don Sunderlage.

• October 16, 1954

  The Fort Wayne Pistons traded Fred Scolari to the Boston Celtics for Bob Harris.

• October 19, 1954

  The Philadelphia Warriors sold the player rights to Paul Walther to the Fort Wayne Pistons.

• October 26, 1954

  The Baltimore Bullets traded Jim Fritsche to the Fort Wayne Pistons for Ken Murray.

• November 1, 1954

  The Syracuse Nationals sold the player rights to Jackie Moore to the Milwaukee Hawks.

• November 19, 1954

  Clair Bee resigns as Head Coach for Baltimore Bullets.

• November 28, 1954

  The Philadelphia Warriors sold the player rights to Gene Shue to the New York Knicks.

  The Rochester Royals selected Don Henriksen from the Baltimore Bullets in the dispersal draft.

  The New York Knicks selected Paul Hoffman from the Baltimore Bullets in the dispersal draft.

  The Boston Celtics selected Bob Houbregs from the Baltimore Bullets in the dispersal draft.

  The Minneapolis Lakers selected Slick Leonard from the Baltimore Bullets in the dispersal draft.

  The Philadelphia Warriors selected Ken Murray from the Baltimore Bullets in the dispersal draft.

  The Fort Wayne Pistons selected Al Roges from the Baltimore Bullets in the dispersal draft.

  The Milwaukee Hawks selected Frank Selvy from the Baltimore Bullets in the dispersal draft.

  The Syracuse Nationals selected Connie Simmons from the Baltimore Bullets in the dispersal draft.

  The Boston Celtics selected Eddie Miller from the Baltimore Bullets in the dispersal draft.

  The Rochester Royals selected Herm Hedderick from the Baltimore Bullets in the dispersal draft.

  The Milwaukee Hawks selected John Barber from the Baltimore Bullets in the dispersal draft.

• December 8, 1954

  The Fort Wayne Pistons claimed Bob Houbregs on waivers from the Boston Celtics.

• December 10, 1954

  The Rochester Royals sold the player rights to Alex Hannum to the Milwaukee Hawks.

• January 10, 1955

  The New York Knicks signed Bob Peterson as a free agent.

• January 12, 1955

  The New York Knicks sold the player rights to Paul Hoffman to the Philadelphia Warriors.

• February 15, 1955

  The Philadelphia Warriors signed Jackie Moore as a free agent.

• April 28, 1955

  Les Harrison resigns as Head Coach for Rochester Royals.

  The Rochester Royals hired Bobby Wanzer as Head Coach.

• May 12, 1955

  The Philadelphia Warriors sold the player rights to Zeke Zawoluk to the Rochester Royals.