Transactions listed are from July 1, 1953 to June 30, 1954

• August 23, 1953

  Acquired player rights to Mel Hutchins from the Milwaukee Hawks.

• December 21, 1953

  Traded Chuck Share to the Milwaukee Hawks for Max Zaslofsky.

• December 29, 1953

  Sold player rights to Fred Schaus to the New York Knicks.

• February 12, 1954

  Traded cash to the Baltimore Bullets for Leo Barnhorst.

• April 24, 1954

  Drafted Dick Rosenthal in the 1st round (4th pick) of the 1954 NBA Draft.

  Drafted Arnold Short in the 2nd round (13th pick) of the 1954 NBA Draft.

  Drafted B. H. Born in the 3rd round (22nd pick) of the 1954 NBA Draft.

  Drafted Mel Thompson in the 4th round (31st pick) of the 1954 NBA Draft.

  Drafted Dutch Burch in the 5th round (40th pick) of the 1954 NBA Draft.

  Drafted Charles Kraak in the 6th round (49th pick) of the 1954 NBA Draft.

  Drafted Bernie Janicki in the 7th round (58th pick) of the 1954 NBA Draft.

  Drafted Don Bielke in the 8th round (67th pick) of the 1954 NBA Draft.

  Drafted Joel Hittleman in the 9th round (76th pick) of the 1954 NBA Draft.

  Drafted Dean Larsen in the 10th round (84th pick) of the 1954 NBA Draft.

  Drafted Forrest Jackson in the 11th round (93rd pick) of the 1954 NBA Draft.