Transactions listed are from July 1, 1948 to June 30, 1949

• November 18, 1948

  Signed Elmore Morgenthaler as a free agent.

• December 1, 1948

  Sold player rights to Roy Pugh to the Fort Wayne Pistons.

• December 15, 1948

  Sold player rights to Bob O'Brien to the St. Louis Bombers.

• January 27, 1949

  Sold player rights to Phil Farbman to the Boston Celtics.

• February 5, 1949

  Acquired player rights to Irv Torgoff from the Baltimore Bullets.

• March 21, 1949

  Drafted Nelson Bobb in the ?? round (?? pick) of the 1949 BAA Draft.

  Drafted Johnny Payak in the ?? round (?? pick) of the 1949 BAA Draft.

  Drafted Vern Gardner in the 1st round (6th pick) of the 1949 BAA Draft.

  Drafted Jim Nolan in the 2nd round (18th pick) of the 1949 BAA Draft.