Transactions listed are from July 1, 1956 to June 30, 1957.

• July 23, 1956

  The Rochester Royals signed Lew Hitch as a free agent.

• August 31, 1956

  The Boston Celtics claimed Andy Phillip on waivers from the Fort Wayne Pistons.

• September 11, 1956

  The St. Louis Hawks signed Irv Bemoras as a free agent.

• October 3, 1956

  The Syracuse Nationals sold the player rights to Billy Kenville to the Fort Wayne Pistons.

• October 23, 1956

  The Syracuse Nationals sold the player rights to Red Rocha to the Fort Wayne Pistons.

• October 24, 1956

  The Minneapolis Lakers sold the player rights to Al Bianchi to the Syracuse Nationals.

• October 26, 1956

  The New York Knicks traded Walter Dukes and Burdette Haldorson to the Minneapolis Lakers for Jerry Bird, Phil Jordon and Slater Martin.

• November 15, 1956

  The Syracuse Nationals signed Larry Hennessy as a free agent.

  The Syracuse Nationals signed Bob Schafer as a free agent.

  The St. Louis Hawks claimed Odie Spears on waivers from the Fort Wayne Pistons.

• December 2, 1956

  The St. Louis Hawks sold the player rights to Bob Harrison to the Syracuse Nationals.

• December 12, 1956

  The St. Louis Hawks traded Willie Naulls to the New York Knicks for Slater Martin.

  The Fort Wayne Pistons released Alex Hannum.

• December 17, 1956

  The St. Louis Hawks signed Alex Hannum as a free agent.

• December 29, 1956

  The Boston Celtics sold the player rights to Togo Palazzi to the Syracuse Nationals.

• January 4, 1957

  The Rochester Royals sold the player rights to Lew Hitch to the Philadelphia Warriors.

• January 7, 1957

  The St. Louis Hawks fired Red Holzman as Head Coach.

• January 8, 1957

  The St. Louis Hawks appointed Slater Martin as Head Coach.

• January 21, 1957

  The St. Louis Hawks hired Alex Hannum as Head Coach.

• April 3, 1957

  The New York Knicks traded Dick Atha, Nat Clifton and Harry Gallatin to the Fort Wayne Pistons for Mel Hutchins and Charlie Tyra.

  The New York Knicks traded Dick McGuire to the Fort Wayne Pistons for a 1958 1st round draft pick (Mike Farmer was later selected).

• April 17, 1957

  The Minneapolis Lakers traded Clyde Lovellette and Jim Paxson to the Rochester Royals for Bob Burrow, Ed Fleming, Hot Rod Hundley, Monk Meineke and Art Spoelstra.

• May 14, 1957

  The Fort Wayne Pistons traded Corky Devlin to the Minneapolis Lakers for Ed Kalafat.

• June 19, 1957

  The Minneapolis Lakers reassigned Head Coach John Kundla.

  The Minneapolis Lakers hired George Mikan as Head Coach.