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

• August 29, 1974

  Acquired player rights to Dale Schlueter from the Atlanta Hawks.

• September 4, 1974

  Traded Matt Guokas, a 1977 2nd round draft pick (Larry Johnson was later selected) and a future 2nd round draft pick to the Chicago Bulls for Bob Weiss.

• January 8, 1975

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

• January 20, 1975

  Waived Bernie Harris.

• May 29, 1975

  Drafted George Bucci in the 3rd round (52nd pick) of the 1975 NBA Draft.

  Drafted Bob Fleischer in the 4th round (70th pick) of the 1975 NBA Draft.

  Drafted Sam Berry in the 5th round (88th pick) of the 1975 NBA Draft.

  Drafted George Jackson in the 6th round (106th pick) of the 1975 NBA Draft.

  Drafted Mike Franklin in the 7th round (124th pick) of the 1975 NBA Draft.

  Drafted Allan Jones in the 8th round (142nd pick) of the 1975 NBA Draft.

  Drafted George Rautins in the 9th round (158th pick) of the 1975 NBA Draft.

  Drafted Art Allen in the 10th round (172nd pick) of the 1975 NBA Draft.

  Traded a 1975 1st round draft pick (Ricky Sobers was later selected) to the Phoenix Suns for a 1976 1st round draft pick (Adrian Dantley was later selected).