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| 2024-04-05 00:00:00 | San Diego Sabercats | | Drop | Daemon Goldsberry | |
| 2024-04-05 00:00:00 | Indianapolis Tornadoes | | Demoted | Justin Browning | Buenos Aires Eagles |
| 2024-04-05 00:00:00 | Las Vegas Dark Knights | | Drop | Octavio Dixon | |
| 2024-04-05 00:00:00 | Las Vegas Dark Knights | | Drop | Andrew Johnson | |
| 2024-04-05 00:00:00 | Las Vegas Dark Knights | | Demoted | Shawn Peel | Knoxville Wampus Cats |
| 2024-04-04 10:02:21 | Phoenix Kangaroos | 2nd round pick in season 40 | Acquired via trade | 2nd round pick in season 39 | Louisville Colonels |
| 2024-04-04 00:00:00 | San Diego Sabercats | | Drop | Andrew Joseph | |
| 2024-04-04 00:00:00 | San Diego Sabercats | | Drop | Trevor Brewster | |
| 2024-04-04 00:00:00 | Phoenix Kangaroos | | Demoted | Matt Hall | San Juan Devils |
| 2024-04-04 00:00:00 | Las Vegas Dark Knights | | Demoted | Taylor Parker | Knoxville Wampus Cats |
| 2024-04-04 00:00:00 | Orlando Bombers | | Demoted | Joseph Spence | Ottawa Mt. Hawks |
| 2024-04-04 00:00:00 | San Francisco Golden Gators | | Demoted | Alexander James | Little Rock Fighting Farmers |
| 2024-04-04 00:00:00 | Denver Ferris Wheels | | Demoted | William Lawrence | Mexico City Aztecs |
| 2024-04-03 11:53:03 | San Diego Sabercats | 2nd round pick in season 39 | Acquired via trade | 2nd round pick in season 40 | New Orleans Hurricanes |
| 2024-04-03 00:00:00 | San Diego Sabercats | | Demoted | Liam Stockstill | Santiago Sharks |
| 2024-04-03 00:00:00 | San Diego Sabercats | | Demoted | Tyree Mitchell | Santiago Sharks |
| 2024-04-03 00:00:00 | San Diego Sabercats | | Demoted | Noah Jordan | Santiago Sharks |
| 2024-04-03 00:00:00 | Kansas City Wildcats | | Demoted | Jon Desir | Santa Fe Zeppelins |
| 2024-04-03 00:00:00 | Las Vegas Dark Knights | | Drop | Eric Simpson | |
| 2024-04-03 00:00:00 | Knoxville Wampus Cats | | Promoted | Dillan Walker | Las Vegas Dark Knights |
| 2024-04-03 00:00:00 | Las Vegas Dark Knights | | Demoted | Timothy Monroe | Knoxville Wampus Cats |
| 2024-04-02 00:00:00 | Tampa Runner-ups | | Promoted | Brian Kitchens | Atlanta Eels |
| 2024-04-02 00:00:00 | Clarksville River Bandits | | Promoted | Devon Owens | Chicago Hilltoppers |
| 2024-04-02 00:00:00 | Mexico City Aztecs | | Promoted | Christopher Rolf | Denver Ferris Wheels |
| 2024-04-02 00:00:00 | Denver Ferris Wheels | | Demoted | Dakota Rogers | Mexico City Aztecs |