Transactions listed are from July 1, 1955 to June 30, 1956

• September 30, 1955

  Traded Odie Spears to the Fort Wayne Pistons for Monk Meineke.

• October 25, 1955

  Signed Connie Simmons as a free agent.

• October 26, 1955

  Sold player rights to Arnie Risen to the Boston Celtics.

• April 30, 1956

  Drafted Si Green in the 1st round (1st pick) of the 1956 NBA Draft.

  Drafted Bob Burrow in the 2nd round (9th pick) of the 1956 NBA Draft.

  Drafted Dave Piontek in the 3rd round (17th pick) of the 1956 NBA Draft.

  Drafted Johnny McCarthy in the 4th round (25th pick) of the 1956 NBA Draft.

  Drafted Bill Uhl in the 5th round (33rd pick) of the 1956 NBA Draft.

  Drafted Kevin Thomas in the 6th round (41st pick) of the 1956 NBA Draft.

  Drafted Carl Cain in the 7th round (49th pick) of the 1956 NBA Draft.

  Drafted Clayton Carter in the 8th round (57th pick) of the 1956 NBA Draft.

  Drafted Dan Mannix in the 9th round (64th pick) of the 1956 NBA Draft.

  Drafted Jerry Moreman in the 10th round (71st pick) of the 1956 NBA Draft.

  Drafted Gene Carpenter in the 11th round (77th pick) of the 1956 NBA Draft.