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

• September 18, 1954

  Traded Don Sunderlage to the Minneapolis Lakers for Pep Saul.

• November 1, 1954

  Acquired player rights to Jackie Moore from the Syracuse Nationals.

• November 28, 1954

  Drafted John Barber from the Baltimore Bullets in the dispersal draft.

  Drafted Frank Selvy from the Baltimore Bullets in the dispersal draft.

• December 10, 1954

  Acquired player rights to Alex Hannum from the Rochester Royals.

• April 13, 1955

  Drafted Dick Ricketts in the 1st round (1st pick) of the 1955 NBA Draft.

  Drafted Jack Stephens in the 2nd round (9th pick) of the 1955 NBA Draft.

  Drafted Al Ferrari in the 3rd round (17th pick) of the 1955 NBA Draft.

  Drafted Burdette Haldorson in the 4th round (25th pick) of the 1955 NBA Draft.

  Drafted Bill Bagley in the 5th round (33rd pick) of the 1955 NBA Draft.

  Drafted Harvey Babetch in the 6th round (41st pick) of the 1955 NBA Draft.

  Drafted Joe Fitt in the 7th round (49th pick) of the 1955 NBA Draft.

  Drafted Bill Reigel in the 8th round (57th pick) of the 1955 NBA Draft.

  Drafted Lynn Cole in the 9th round (65th pick) of the 1955 NBA Draft.

  Drafted Dick Cable in the 10th round (73rd pick) of the 1955 NBA Draft.

  Drafted Ed O'Connor in the 11th round (81st pick) of the 1955 NBA Draft.

  Drafted Charles Hoxie in the 12th round (88th pick) of the 1955 NBA Draft.

  Drafted Dick Welsh in the 13th round (93rd pick) of the 1955 NBA Draft.