Transactions listed are from July 1, 1958 to June 30, 1959

• August 5, 1958

  Traded Gerry Calvert, Wayne Embry, Darrell Floyd, Jim Palmer and Ken Sidle to the Cincinnati Royals for Clyde Lovellette. Lovellette was sent as player to be named later on September 16, 1958.

• November 20, 1958

  Fired Andy Phillip as Head Coach.

  Hired Ed Macauley as Head Coach.

• January 14, 1959

  Traded Med Park and Jack Stephens to the Cincinnati Royals for Si Green.

• March 31, 1959

  Drafted Bob Ferry in the 1st round (7th pick) of the 1959 NBA Draft. Territorial pick

  Drafted Alan Seiden in the 2nd round (14th pick) of the 1959 NBA Draft.

  Drafted Cal Ramsey in the 2nd round (15th pick) of the 1959 NBA Draft.

  Drafted Hank Stein in the 3rd round (23rd pick) of the 1959 NBA Draft.

  Drafted Lee Harman in the 4th round (31st pick) of the 1959 NBA Draft.

  Drafted Nick Mantis in the 5th round (39th pick) of the 1959 NBA Draft.

  Drafted Mike Moran in the 6th round (47th pick) of the 1959 NBA Draft.

  Drafted Orby Arnold in the 7th round (55th pick) of the 1959 NBA Draft.

  Drafted Willie Merriweather in the 8th round (61st pick) of the 1959 NBA Draft.

  Drafted Lou Pucillo in the 9th round (67th pick) of the 1959 NBA Draft.

  Drafted Ron Loneski in the 10th round (73rd pick) of the 1959 NBA Draft.

  Drafted John Barnhill in the 11th round (79th pick) of the 1959 NBA Draft.