Transactions listed are from July 1, 1974 to June 30, 1975

• August 29, 1974

  Sold player rights to Dale Schlueter to the Buffalo Braves.

  Sold player rights to John Tschogl to the Philadelphia 76ers.

• September 9, 1974

  Sold player rights to Steve Bracey to the Golden State Warriors.

• September 24, 1974

  Traded Zelmo Beaty to the Los Angeles Lakers for a 1975 2nd round draft pick (Gus Williams was later selected).

• November 8, 1974

  Traded Clyde Lee and a 1975 3rd round draft pick (Jim Baker was later selected) to the Philadelphia 76ers for Tom Van Arsdale.

• January 8, 1975

  Traded Jim Washington to the Buffalo Braves for a 1976 5th round draft pick (Connie White was later selected).

• May 29, 1975

  Drafted David Thompson in the 1st round (1st pick) of the 1975 NBA Draft.

  Drafted Marvin Webster in the 1st round (3rd pick) of the 1975 NBA Draft.

  Drafted Bill Willoughby in the 2nd round (19th pick) of the 1975 NBA Draft.

  Drafted Monte Towe in the 4th round (57th pick) of the 1975 NBA Draft.

  Drafted Wilbur Holland in the 5th round (75th pick) of the 1975 NBA Draft.

  Drafted Danny Williams in the 6th round (93rd pick) of the 1975 NBA Draft.

  Drafted Gus Johnson in the 7th round (111th pick) of the 1975 NBA Draft.

  Drafted Oscar Jackson in the 8th round (129th pick) of the 1975 NBA Draft.

  Drafted Dave Schlesser in the 9th round (146th pick) of the 1975 NBA Draft.

  Drafted Vic Kelly in the 10th round (162nd pick) of the 1975 NBA Draft.

• June 5, 1975

  Traded a 1976 2nd round draft pick (Alex English was later selected) and a 1976 2nd round draft pick (Bayard Forrest was later selected) to the Milwaukee Bucks. Atlanta was penalized for signing Milwaukee draft pick Julius Erving in 1972.