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

• August 23, 1953

  Sold player rights to Mel Hutchins to the Fort Wayne Pistons.

• September 25, 1953

  Signed Red Holzman as a free agent.

• October 27, 1953

  Acquired player rights to Lew Hitch from the Minneapolis Lakers.

• November 23, 1953

  Signed Bob Peterson as a free agent.

  Traded Bob Lavoy to the Syracuse Nationals for Noble Jorgensen.

• November 25, 1953

  Traded Bob Houbregs to the Baltimore Bullets for Max Zaslofsky.

• November 29, 1953

  Traded Jack Nichols to the Boston Celtics for John Azary, Fred Eydt, Tom Lillis, J.C. Maze and Paul Unruh.

• December 21, 1953

  Traded Lew Hitch to the Minneapolis Lakers for Bobby Watson.

  Traded Max Zaslofsky to the Fort Wayne Pistons for Chuck Share.

• January ?, 1954

  Signed Dick Surhoff as a free agent.

• February 2, 1954

  Acquired player rights to Bob Harrison from the Minneapolis Lakers.

• April 24, 1954

  Drafted Bob Pettit in the 1st round (2nd pick) of the 1954 NBA Draft.

  Drafted Bob Mattick in the 2nd round (11th pick) of the 1954 NBA Draft.

  Drafted Walt Walowac in the 3rd round (20th pick) of the 1954 NBA Draft.

  Drafted Phil Martin in the 4th round (29th pick) of the 1954 NBA Draft.

  Drafted Paul Ebert in the 5th round (38th pick) of the 1954 NBA Draft.

  Drafted Bob Carney in the 6th round (47th pick) of the 1954 NBA Draft.

  Drafted Allen Kelley in the 7th round (56th pick) of the 1954 NBA Draft.

  Drafted Dick Nunneley in the 8th round (65th pick) of the 1954 NBA Draft.

  Drafted Hal Cervini in the 9th round (74th pick) of the 1954 NBA Draft.

  Drafted Joe Bertrand in the 10th round (82nd pick) of the 1954 NBA Draft.

  Drafted Jerry Domerschick in the 11th round (91st pick) of the 1954 NBA Draft.

  Drafted Ron Weisner in the 12th round (97th pick) of the 1954 NBA Draft.

• May 28, 1954

  Acquired player rights to Chuck Cooper from the Boston Celtics.