Transactions listed are from July 1, 1954 to June 30, 1955

• November 1, 1954

  Sold player rights to Jackie Moore to the Milwaukee Hawks.

• November 28, 1954

  Drafted Connie Simmons from the Baltimore Bullets in the dispersal draft.

• April 13, 1955

  Drafted Ed Conlin in the 1st round (7th pick) of the 1955 NBA Draft.

  Drafted Don Schlundt in the 2nd round (16th pick) of the 1955 NBA Draft.

  Drafted Jack Sallee in the 3rd round (23rd pick) of the 1955 NBA Draft.

  Drafted Frank Ehmann in the 4th round (32nd pick) of the 1955 NBA Draft.

  Drafted Mal Duffy in the 5th round (39th pick) of the 1955 NBA Draft.

  Drafted Ron Tomsic in the 6th round (48th pick) of the 1955 NBA Draft.

  Drafted Ed Galvin in the 7th round (55th pick) of the 1955 NBA Draft.

  Drafted Cliff Dwyer in the 8th round (64th pick) of the 1955 NBA Draft.

  Drafted Marty Satalino in the 9th round (71st pick) of the 1955 NBA Draft.

  Drafted Russ Lawler in the 10th round (80th pick) of the 1955 NBA Draft.

  Drafted Stan Glowaski in the 11th round (86th pick) of the 1955 NBA Draft.