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

• October 27, 1953

  Sold player rights to Lew Hitch to the Milwaukee Hawks.

• November 11, 1953

  Traded Jim Fritsche to the Baltimore Bullets for cash.

• December 21, 1953

  Traded Bobby Watson to the Milwaukee Hawks for Lew Hitch.

• February 2, 1954

  Sold player rights to Bob Harrison to the Milwaukee Hawks.

• April 24, 1954

  Drafted Ed Kalafat in the 1st round (9th pick) of the 1954 NBA Draft.

  Drafted Al Bianchi in the 2nd round (18th pick) of the 1954 NBA Draft.

  Drafted Don Lance in the 3rd round (27th pick) of the 1954 NBA Draft.

  Drafted Gene Schwinger in the 4th round (36th pick) of the 1954 NBA Draft.

  Drafted Buzz Bennett in the 5th round (45th pick) of the 1954 NBA Draft.

  Drafted Nick Revon in the 6th round (54th pick) of the 1954 NBA Draft.

  Drafted Dan Finch in the 7th round (63rd pick) of the 1954 NBA Draft.

  Drafted Bob Hopkins in the 8th round (72nd pick) of the 1954 NBA Draft.

  Drafted Dick Garmaker in the 9th round (80th pick) of the 1954 NBA Draft.

  Drafted John Biever in the 10th round (89th pick) of the 1954 NBA Draft.