Transactions listed are from July 1, 1953 to June 30, 1954

• September ?, 1953

  Released Red Holzman.

• April 24, 1954

  Drafted Tom Marshall in the 1st round (7th pick) of the 1954 NBA Draft.

  Drafted Boris Nachamkin in the 2nd round (16th pick) of the 1954 NBA Draft.

  Drafted Lee Morton in the 3rd round (25th pick) of the 1954 NBA Draft.

  Drafted Art Spoelstra in the 4th round (34th pick) of the 1954 NBA Draft.

  Drafted Bo Erias in the 5th round (43rd pick) of the 1954 NBA Draft.

  Drafted Red Davis in the 6th round (52nd pick) of the 1954 NBA Draft.

  Drafted Bill Hull in the 7th round (61st pick) of the 1954 NBA Draft.

  Drafted Paul Morrow in the 8th round (70th pick) of the 1954 NBA Draft.

  Drafted Roy Irvin in the 9th round (78th pick) of the 1954 NBA Draft.

  Drafted Ed Parchinski in the 10th round (87th pick) of the 1954 NBA Draft.

  Drafted Jim Paxson in the 11th round (95th pick) of the 1954 NBA Draft.