List of 1954–55 NBA season transactions

This is a list of all personnel changes for the 1954 NBA off-season and 1954–55 NBA season.

September 17, 1954

 * The Baltimore Bullets traded Ray Felix and Chuck Grigsby to the New York Knicks for Alfred McGuire and Connie Simmons.

September 18, 1954

 * The Minneapolis Lakers traded Pep Saul to the Milwaukee Hawks for Don Sunderlage.

October 16, 1954

 * The Fort Wayne Pistons traded Fred Scolari to the Boston Celtics for Bob Harris.

October 19, 1954

 * The Philadelphia Warriors sold Paul Walther to the Fort Wayne Pistons.

October 26, 1954

 * The Baltimore Bullets traded Jim Fritsche to the Fort Wayne Pistons for Ken Murray.

November 1, 1954

 * The Syracuse Nationals sold Jackie Moore to the Milwaukee Hawks.

November 19, 1954

 * Clair Bee resigns as head coach for Baltimore Bullets.

November 28, 1954

 * The Philadelphia Warriors sold Gene Shue to the New York Knicks.
 * The Rochester Royals selected Don Henriksen from the Baltimore Bullets in the dispersal draft.
 * The New York Knicks selected Paul Hoffman from the Baltimore Bullets in the dispersal draft.
 * The Boston Celtics selected Bob Houbregs from the Baltimore Bullets in the dispersal draft.
 * The Minneapolis Lakers selected Slick Leonard from the Baltimore Bullets in the dispersal draft.
 * The Philadelphia Warriors selected Ken Murray from the Baltimore Bullets in the dispersal draft.
 * The Fort Wayne Pistons selected Al Roges from the Baltimore Bullets in the dispersal draft.
 * The Milwaukee Hawks selected Frank Selvy from the Baltimore Bullets in the dispersal draft.
 * The Syracuse Nationals selected Connie Simmons from the Baltimore Bullets in the dispersal draft.
 * The Boston Celtics selected Eddie Miller from the Baltimore Bullets in the dispersal draft.
 * The Rochester Royals selected Herm Hedderick from the Baltimore Bullets in the dispersal draft.
 * The Milwaukee Hawks selected John Barber from the Baltimore Bullets in the dispersal draft.

December 8, 1954

 * The Fort Wayne Pistons claimed Bob Houbregs on waivers from the Boston Celtics.

December 10, 1954

 * The Rochester Royals sold Alex Hannum to the Milwaukee Hawks.

January 10, 1955

 * The New York Knicks signed Bob Peterson as a free agent.

January 12, 1955

 * The New York Knicks signed Paul Hoffman as a free agent.

February 15, 1955

 * The New York Knicks sold Paul Hoffman to the Philadelphia Warriors.

April 28, 1955

 * Les Harrison resigns as head coach for Rochester Royals.
 * The Rochester Royals hired Bobby Wanzer as head coach.

May 12, 1955

 * The Philadelphia Warriors sold Zeke Zawoluk to the Rochester Royals.