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

• October 7, 1974

  Sold player rights to Lenny Wilkens to the Portland Trail Blazers.

• May 29, 1975

  Drafted John Lambert in the 1st round (15th pick) of the 1975 NBA Draft.

  Drafted Dan Roundfield in the 2nd round (28th pick) of the 1975 NBA Draft.

  Drafted Mel Utley in the 2nd round (33rd pick) of the 1975 NBA Draft.

  Drafted Ted Hathaway in the 3rd round (45th pick) of the 1975 NBA Draft.

  Drafted Eric Fernsten in the 4th round (62nd pick) of the 1975 NBA Draft.

  Drafted Jim Lee in the 5th round (79th pick) of the 1975 NBA Draft.

  Drafted Mike Odemns in the 5th round (82nd pick) of the 1975 NBA Draft.

  Drafted Henry Ward in the 6th round (99th pick) of the 1975 NBA Draft.

  Drafted Shawn Leftwich in the 7th round (116th pick) of the 1975 NBA Draft.

  Drafted Andre McCarter in the 8th round (136th pick) of the 1975 NBA Draft.

  Drafted Skip Howard in the 9th round (152nd pick) of the 1975 NBA Draft.

  Drafted Eric Anderson in the 10th round (167th pick) of the 1975 NBA Draft.

  Traded Dwight Davis to the Golden State Warriors for Butch Beard, a 1975 1st round draft pick (John Lambert was later selected) and a 1975 2nd round draft pick (Mel Utley was later selected).