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

• September 11, 1956

  Signed Irv Bemoras as a free agent.

• November 15, 1956

  Claimed Odie Spears on waivers from the Fort Wayne Pistons.

• December 2, 1956

  Sold player rights to Bob Harrison to the Syracuse Nationals.

• December 12, 1956

  Traded Willie Naulls to the New York Knicks for Slater Martin.

• December 17, 1956

  Signed Alex Hannum as a free agent.

• January 7, 1957

  Fired Red Holzman as Head Coach.

• January 8, 1957

  Appointed Slater Martin as Head Coach.

• January 21, 1957

  Hired Alex Hannum as Head Coach.

• April 17, 1957

  Drafted Win Wilfong in the 1st round (4th pick) of the 1957 NBA Draft.

  Drafted Jim Palmer in the 2nd round (12th pick) of the 1957 NBA Draft.

  Drafted John Smyth in the 3rd round (20th pick) of the 1957 NBA Draft.

  Drafted Hank Nowak in the 4th round (28th pick) of the 1957 NBA Draft.

  Drafted Al Rochelle in the 5th round (36th pick) of the 1957 NBA Draft.

  Drafted Raymond Downs in the 6th round (44th pick) of the 1957 NBA Draft.

  Drafted Mason Cope in the 7th round (52nd pick) of the 1957 NBA Draft.

  Drafted Bill Darragh in the 8th round (59th pick) of the 1957 NBA Draft.

  Drafted Calvin Grosscup in the 9th round (66th pick) of the 1957 NBA Draft.

  Drafted Bobby Mills in the 10th round (72nd pick) of the 1957 NBA Draft.

  Drafted Gerald Dreier in the 11th round (77th pick) of the 1957 NBA Draft.

  Drafted Bob Seitz in the 12th round (81st pick) of the 1957 NBA Draft.

  Drafted Ted Romanoff in the 13th round (84th pick) of the 1957 NBA Draft.

  Drafted Lavelle Langston in the 14th round (85th pick) of the 1957 NBA Draft.