Transactions listed are from July 1, 1953 to June 30, 1954

• November 23, 1953

  Traded Noble Jorgensen to the Milwaukee Hawks for Bob Lavoy.

• April 24, 1954

  Drafted Red Kerr in the 1st round (6th pick) of the 1954 NBA Draft.

  Drafted Dick Farley in the 2nd round (15th pick) of the 1954 NBA Draft.

  Drafted Jim Tucker in the 3rd round (24th pick) of the 1954 NBA Draft.

  Drafted Don McLane in the 4th round (33rd pick) of the 1954 NBA Draft.

  Drafted Tom Pottenburgh in the 5th round (42nd pick) of the 1954 NBA Draft.

  Drafted Norman Pott in the 6th round (51st pick) of the 1954 NBA Draft.

  Drafted Gus Lovett in the 7th round (60th pick) of the 1954 NBA Draft.

  Drafted Mel Besdin in the 8th round (69th pick) of the 1954 NBA Draft.

  Drafted Fletcher Johnson in the 9th round (77th pick) of the 1954 NBA Draft.

  Drafted Jack Davidson in the 10th round (86th pick) of the 1954 NBA Draft.