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

• August 31, 1956

  Claimed Andy Phillip on waivers from the Fort Wayne Pistons.

• December 29, 1956

  Sold player rights to Togo Palazzi to the Syracuse Nationals.

• April 17, 1957

  Drafted Sam Jones in the 1st round (8th pick) of the 1957 NBA Draft.

  Drafted Dick O'Neal in the 2nd round (16th pick) of the 1957 NBA Draft.

  Drafted Chuck Schramm in the 3rd round (24th pick) of the 1957 NBA Draft.

  Drafted Jim Ashmore in the 4th round (32nd pick) of the 1957 NBA Draft.

  Drafted Grady Wallace in the 5th round (40th pick) of the 1957 NBA Draft.

  Drafted Maurice King in the 6th round (48th pick) of the 1957 NBA Draft.

  Drafted Dick Brott in the 7th round (55th pick) of the 1957 NBA Draft.

  Drafted Bill Von Weyhe in the 8th round (62nd pick) of the 1957 NBA Draft.

  Drafted Joe Gibbon in the 9th round (69th pick) of the 1957 NBA Draft.

  Drafted Jack Butcher in the 10th round (75th pick) of the 1957 NBA Draft.

  Drafted Dick Neal in the 11th round (79th pick) of the 1957 NBA Draft.

  Drafted Don Tobin in the 12th round (83rd pick) of the 1957 NBA Draft.