Transactions listed are from July 1, 1958 to June 30, 1959

• August 5, 1958

  Traded Clyde Lovellette to the St. Louis Hawks for Gerry Calvert, Wayne Embry, Darrell Floyd, Jim Palmer and Ken Sidle. Lovellette was sent as player to be named later on September 16, 1958.

• December 1, 1958

  Fired Bobby Wanzer as Head Coach.

  Hired Tom Marshall as Head Coach.

• December 16, 1958

  Traded Vern Hatton to the Philadelphia Warriors for Phil Rollins.

• January 14, 1959

  Traded Si Green to the St. Louis Hawks for Med Park and Jack Stephens.

• March 31, 1959

  Drafted Bob Boozer in the 1st round (1st pick) of the 1959 NBA Draft.

  Drafted Mike Mendenhall in the 3rd round (17th pick) of the 1959 NBA Draft.

  Drafted Leo Byrd in the 4th round (25th pick) of the 1959 NBA Draft.

  Drafted Harry Kirchner in the 5th round (33rd pick) of the 1959 NBA Draft.

  Drafted Don Hennon in the 6th round (41st pick) of the 1959 NBA Draft.

  Drafted Dale Moore in the 7th round (49th pick) of the 1959 NBA Draft.

  Drafted Don Matuszak in the 8th round (56th pick) of the 1959 NBA Draft.

  Drafted Joe Billy McDade in the 9th round (62nd pick) of the 1959 NBA Draft.

  Drafted Joe Viviano in the 10th round (68th pick) of the 1959 NBA Draft.

  Drafted Charley Brown in the 11th round (74th pick) of the 1959 NBA Draft.

  Drafted Roger Wendel in the 12th round (80th pick) of the 1959 NBA Draft.

  Traded Archie Dees and a 1959 2nd round draft pick (Tom Robitaille was later selected) to the Detroit Pistons for Phil Jordon.