Transactions listed are from July 1, 1956 to June 30, 1957

• July 23, 1956

  Signed Lew Hitch as a free agent.

• January 4, 1957

  Sold player rights to Lew Hitch to the Philadelphia Warriors.

• April 17, 1957

  Drafted Hot Rod Hundley in the 1st round (1st pick) of the 1957 NBA Draft.

  Drafted Dick Duckett in the 2nd round (9th pick) of the 1957 NBA Draft.

  Drafted Jerry Paulson in the 3rd round (17th pick) of the 1957 NBA Draft.

  Drafted Jed Dommeyer in the 4th round (25th pick) of the 1957 NBA Draft.

  Drafted Stuart Murray in the 5th round (33rd pick) of the 1957 NBA Draft.

  Drafted John Maglio in the 6th round (41st pick) of the 1957 NBA Draft.

  Drafted Chet Forte in the 7th round (49th pick) of the 1957 NBA Draft.

  Drafted Bob Daniels in the 8th round (56th pick) of the 1957 NBA Draft.

  Drafted Dick Heise in the 9th round (63rd pick) of the 1957 NBA Draft.

  Drafted Mel Wright in the 10th round (70th pick) of the 1957 NBA Draft.

  Drafted Cliff Hafer in the 11th round (76th pick) of the 1957 NBA Draft.

  Drafted Jim Boothe in the 12th round (80th pick) of the 1957 NBA Draft.

  Traded Bob Burrow, Ed Fleming, Hot Rod Hundley, Monk Meineke and Art Spoelstra to the Minneapolis Lakers for Clyde Lovellette and Jim Paxson.