Transactions listed are from July 1, 1954 to June 30, 1955

• October 16, 1954

  Traded Fred Scolari to the Boston Celtics for Bob Harris.

• October 19, 1954

  Acquired player rights to Paul Walther from the Philadelphia Warriors.

• October 26, 1954

  Traded Ken Murray to the Baltimore Bullets for Jim Fritsche.

• November 28, 1954

  Drafted Al Roges from the Baltimore Bullets in the dispersal draft.

• December 8, 1954

  Claimed Bob Houbregs on waivers from the Boston Celtics.

• April 13, 1955

  Drafted Johnny Horan in the 1st round (8th pick) of the 1955 NBA Draft.

  Drafted Jesse Arnelle in the 2nd round (15th pick) of the 1955 NBA Draft.

  Drafted Ron Bennink in the 3rd round (24th pick) of the 1955 NBA Draft.

  Drafted Dick Howard in the 4th round (31st pick) of the 1955 NBA Draft.

  Drafted Cleo Littleton in the 5th round (40th pick) of the 1955 NBA Draft.

  Drafted Bob Reiter in the 6th round (47th pick) of the 1955 NBA Draft.

  Drafted Tom Harrold in the 7th round (56th pick) of the 1955 NBA Draft.

  Drafted Don Belcher in the 8th round (63rd pick) of the 1955 NBA Draft.

  Drafted Tom Mixon in the 9th round (72nd pick) of the 1955 NBA Draft.

  Drafted Charlie Mock in the 10th round (79th pick) of the 1955 NBA Draft.

  Drafted Happy Mahfouz in the 11th round (87th pick) of the 1955 NBA Draft.

  Drafted Ray Warren in the 12th round (92nd pick) of the 1955 NBA Draft.