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

• September 18, 1954

  Traded Pep Saul to the Milwaukee Hawks for Don Sunderlage.

• November 28, 1954

  Drafted Slick Leonard from the Baltimore Bullets in the dispersal draft.

• April 13, 1955

  Drafted Dick Garmaker in the 1st round (6th pick) of the 1955 NBA Draft. Territorial pick

  Drafted Chuck Mencel in the 2nd round (14th pick) of the 1955 NBA Draft.

  Drafted Dick Boushka in the 3rd round (22nd pick) of the 1955 NBA Draft.

  Drafted John Miller in the 4th round (30th pick) of the 1955 NBA Draft.

  Drafted Bill Banks in the 5th round (38th pick) of the 1955 NBA Draft.

  Drafted O'Neal Weaver in the 6th round (46th pick) of the 1955 NBA Draft.

  Drafted Don Bragg in the 7th round (54th pick) of the 1955 NBA Draft.

  Drafted Don Boldebuck in the 8th round (62nd pick) of the 1955 NBA Draft.

  Drafted Bill Warden in the 9th round (70th pick) of the 1955 NBA Draft.

  Drafted Jim Scott in the 10th round (78th pick) of the 1955 NBA Draft.

  Drafted K.C. Jones in the 11th round (85th pick) of the 1955 NBA Draft.