Transactions listed are from July 1, 1974 to June 30, 1975

• Unknown Date

  Signed Patrick McFarland.

  Waived Billy Harris.

• August 21, 1974

  Traded Johnny Neumann, a draft choice and cash to the Virginia Squires for Jim Eakins and Larry Miller.

• September 30, 1974

  Waived Lonnie Wright.

• October 1, 1974

  Hired Alex Groza as Head Coach.

• October 7, 1974

  Signed Scott English.

• November 6, 1974

  Signed Lee Davis.

• November 9, 1974

  Traded Stew Johnson to the Utah Stars for cash.

• November 13, 1974

  Signed Warren Jabali.

• January 6, 1975

  Appointed Beryl Shipley as Interim Head Coach.

  Reassigned Head Coach Alex Groza.