Transactions listed are from July 1, 1947 to June 30, 1948

• July 27, 1947

  Drafted Kenny Sailors from the Cleveland Rebels in the dispersal draft.

  Drafted Stan Miasek from the Pittsburgh Ironmen in the dispersal draft.

• November ?, 1947

  Sold player rights to Kenny Sailors to the Philadelphia Warriors.

• May 10, 1948

  Drafted Hook Dillon in the 2nd round (?? pick) of the 1948 BAA Draft.

  Drafted Whitey Kachan in the 3rd round (?? pick) of the 1948 BAA Draft.

  Drafted Mickey Marty in the 5th round (?? pick) of the 1948 BAA Draft.

  Drafted Ed Mills in the 6th round (?? pick) of the 1948 BAA Draft.

  Drafted Johnny Reagan in the 7th round (?? pick) of the 1948 BAA Draft.

  Drafted Joe Shafer in the 8th round (?? pick) of the 1948 BAA Draft.

  Drafted Odie Spears in the 4th round (?? pick) of the 1948 BAA Draft.

  Drafted Fred Weber in the 9th round (?? pick) of the 1948 BAA Draft.

  Drafted Ed Mikan in the 1st round (5th pick) of the 1948 BAA Draft.