Transactions listed are from July 1, 1958 to June 30, 1959

• September 12, 1958

  Hired Al Cervi as Head Coach.

• December 16, 1958

  George Dempsey claimed on waivers by the Syracuse Nationals.

  Traded Phil Rollins to the Cincinnati Royals for Vern Hatton.

• January 27, 1959

  Traded Jack George to the New York Knicks for Guy Sparrow.

• March 18, 1959

  Al Cervi resigns as Head Coach.

• March 31, 1959

  Drafted Wilt Chamberlain in the 1st round (3rd pick) of the 1959 NBA Draft. Territorial pick

  Drafted Joe Ruklick in the 2nd round (11th pick) of the 1959 NBA Draft.

  Drafted Jim Hockaday in the 3rd round (19th pick) of the 1959 NBA Draft.

  Drafted Ron Stevenson in the 4th round (27th pick) of the 1959 NBA Draft.

  Drafted Bill Telasky in the 5th round (35th pick) of the 1959 NBA Draft.

  Drafted Joe Spratt in the 6th round (43rd pick) of the 1959 NBA Draft.

  Drafted Joe Ryan in the 7th round (51st pick) of the 1959 NBA Draft.

  Drafted Dave Gunther in the 8th round (58th pick) of the 1959 NBA Draft.

  Drafted Carl Belz in the 9th round (64th pick) of the 1959 NBA Draft.

  Drafted Tommy Sellari in the 10th round (70th pick) of the 1959 NBA Draft.

  Drafted Phil Warren in the 11th round (76th pick) of the 1959 NBA Draft.