Transactions listed are from July 1, 1959 to June 30, 1960

• December 1, 1959

  Acquired player rights to Ron Sobie from the New York Knicks.

• December 15, 1959

  Acquired player rights to Frank Selvy from the Syracuse Nationals.

• January 2, 1960

  Appointed Jim Pollard as Interim Head Coach.

  John Castellani resigns as Head Coach.

• January 24, 1960

  Traded Dick Garmaker and a 1960 2nd round draft pick (Dave Budd was later selected) to the New York Knicks for Ray Felix and a 1960 4th round draft pick (Ben Warley was later selected).

• February 1, 1960

  Traded Larry Foust to the St. Louis Hawks for Nick Mantis, Willie Merriweather and Chuck Share.

• April 11, 1960

  Drafted Jerry West in the 1st round (2nd pick) of the 1960 NBA Draft.

  Drafted Jim Hagan in the 3rd round (18th pick) of the 1960 NBA Draft.

  Drafted Wally Frank in the 4th round (26th pick) of the 1960 NBA Draft.

  Drafted Ben Warley in the 4th round (27th pick) of the 1960 NBA Draft.

  Drafted George Farley in the 5th round (34th pick) of the 1960 NBA Draft.

  Drafted Bobby Goodall in the 6th round (42nd pick) of the 1960 NBA Draft.

  Drafted Howie Jolliff in the 7th round (50th pick) of the 1960 NBA Draft.

  Drafted John Werhas in the 8th round (57th pick) of the 1960 NBA Draft.

  Drafted Jean-Claude Lefebvre in the 9th round (64th pick) of the 1960 NBA Draft.

  Drafted Dick Harvey in the 10th round (71st pick) of the 1960 NBA Draft.

  Drafted Sterling Forbes in the 11th round (76th pick) of the 1960 NBA Draft.

  Drafted Wil Jones in the 12th round (81st pick) of the 1960 NBA Draft.