Transactions listed are from July 1, 1956 to June 30, 1957

• October 24, 1956

  Sold player rights to Al Bianchi to the Syracuse Nationals.

• October 26, 1956

  Traded Jerry Bird, Phil Jordon and Slater Martin to the New York Knicks for Walter Dukes and Burdette Haldorson.

• April 17, 1957

  Drafted Jim Krebs in the 1st round (3rd pick) of the 1957 NBA Draft.

  Drafted Harvey Schmidt in the 2nd round (11th pick) of the 1957 NBA Draft.

  Drafted Jim Spivey in the 3rd round (19th pick) of the 1957 NBA Draft.

  Drafted George Brown in the 4th round (27th pick) of the 1957 NBA Draft.

  Drafted Gary Thompson in the 5th round (35th pick) of the 1957 NBA Draft.

  Drafted Phil Murrell in the 6th round (43rd pick) of the 1957 NBA Draft.

  Drafted George Ferguson in the 7th round (51st pick) of the 1957 NBA Draft.

  Drafted Jon Haaven in the 8th round (58th pick) of the 1957 NBA Draft.

  Drafted Jim Sutton in the 9th round (65th pick) of the 1957 NBA Draft.

  Drafted Gordon Fosness in the 10th round (71st pick) of the 1957 NBA Draft.

  Traded Clyde Lovellette and Jim Paxson to the Rochester Royals for Bob Burrow, Ed Fleming, Hot Rod Hundley, Monk Meineke and Art Spoelstra.

• May 14, 1957

  Traded Ed Kalafat to the Fort Wayne Pistons for Corky Devlin.

• June 19, 1957

  Hired George Mikan as Head Coach.

  Reassigned Head Coach John Kundla.