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

• July 9, 1947

  Drafted Grady Lewis from the Detroit Falcons in the dispersal draft.

• July 27, 1947

  Drafted Noble Jorgensen from the Pittsburgh Ironmen in the dispersal draft.

  Drafted Leon Brown from the Cleveland Rebels in the dispersal draft.

• October 27, 1947

  Traded George Munroe and cash to the Boston Celtics for John Abramovic.

• November 9, 1947

  Acquired player rights to Coulby Gunther from the Providence Steam Rollers.

• November 22, 1947

  Acquired player rights to Buddy O'Grady from the Washington Capitols.

• December 30, 1947

  Traded Wyndol Gray to the Providence Steam Rollers for Ariel Maughan.

• January 20, 1948

  Traded Grady Lewis to the Baltimore Bullets for Irv Rothenberg.

• April 27, 1948

  Ken Loeffler resigns as Head Coach.

• May 10, 1948

  Drafted Jack Burmaster in the 2nd round (?? pick) of the 1948 BAA Draft.

  Drafted D.C. Wilcutt in the 4th round (?? pick) of the 1948 BAA Draft.

  Drafted Easy Parham in the 3rd round (?? pick) of the 1948 BAA Draft.

  Drafted D. Miller in the 8th round (?? pick) of the 1948 BAA Draft.

  Drafted Dan London in the 7th round (?? pick) of the 1948 BAA Draft.

  Drafted John Hoppin in the 6th round (?? pick) of the 1948 BAA Draft.

  Drafted Gordon Flick in the 5th round (?? pick) of the 1948 BAA Draft.

  Drafted Robert Gale in the 1st round (7th pick) of the 1948 BAA Draft.

• May 13, 1948

  Acquired player rights to Grady Lewis from the Baltimore Bullets.