Transactions listed are from July 1, 1947 to June 30, 1948

• July 27, 1947

  Drafted Frankie Baumholtz from the Cleveland Rebels in the dispersal draft.

  Drafted Dick Fitzgerald from the Toronto Huskies in the dispersal draft.

  Drafted Michael Bytzura from the Pittsburgh Ironmen in the dispersal draft.

  Drafted Tony Kappen from the Pittsburgh Ironmen in the dispersal draft.

  Drafted Coulby Gunther from the Pittsburgh Ironmen in the dispersal draft.

  Drafted Ray Wertis from the Cleveland Rebels in the dispersal draft.

  Drafted George Nostrand from the Cleveland Rebels in the dispersal draft.

• September 27, 1947

  Waived Elmore Morgenthaler.

• November 9, 1947

  Sold player rights to Coulby Gunther to the St. Louis Bombers.

• December 1, 1947

  Acquired player rights to Kenny Sailors from the Philadelphia Warriors.

• December 30, 1947

  Traded Ariel Maughan to the St. Louis Bombers for Wyndol Gray.

• January 15, 1948

  Sold player rights to Hank Beenders to the Philadelphia Warriors.

• May 10, 1948

  Drafted Brady Walker in the 2nd round (?? pick) of the 1948 BAA Draft.

  Drafted Otto Schnellbacher in the 7th round (?? pick) of the 1948 BAA Draft.

  Drafted Verl Heap in the 6th round (?? pick) of the 1948 BAA Draft.

  Drafted Ed Faber in the 5th round (?? pick) of the 1948 BAA Draft.

  Drafted Jack Coleman in the 3rd round (?? pick) of the 1948 BAA Draft.

  Drafted A. L. Bennett in the 4th round (?? pick) of the 1948 BAA Draft.

  Drafted Andy Tonkovich in the 1st round (1st pick) of the 1948 BAA Draft.