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| 2009-05-04 20:28:48 | Cincinnati Skyliners | | Drop | Logan Justice | |
| 2009-05-04 20:26:14 | Cincinnati Skyliners | | Drop | Rex Selph | |
| 2009-05-04 04:03:10 | Milwaukee Sundancers | | Drop | Bill Jupin | |
| 2009-05-04 04:01:54 | Milwaukee Sundancers | | Drop | Louis Garcia | |
| 2009-05-04 03:59:38 | Milwaukee Sundancers | | Drop | Norman Rhoades | |
| 2009-05-03 18:30:00 | San Francisco Golden Gators | 3rd round pick in season 23 | Acquired via trade | Bob Manley | Louisville Colonels |
| 2009-05-03 18:30:00 | San Francisco Golden Gators | 1st round pick in season 24 | Acquired via trade | Koji McKinnon | Louisville Colonels |
| 2009-05-03 18:30:00 | San Francisco Golden Gators | 2nd round pick in season 23 | Acquired via trade | 2nd round pick in season 24 | Louisville Colonels |
| 2009-05-03 17:04:50 | San Francisco Golden Gators | Bobby Richter | Add/Drop | Rodney Matters | |
| 2009-05-03 17:01:52 | Little Rock Fighting Farmers | | Promoted | Rodney Matters | San Francisco Golden Gators |
| 2009-05-03 17:00:02 | San Diego Sabercats | Shelby Munos | Add/Drop | Richard Solis | |
| 2009-05-03 16:57:52 | San Diego Sabercats | Gregory Andre | Add/Drop | Pete Krug | |
| 2009-05-03 16:56:30 | San Diego Sabercats | Nathella Brash | Add/Drop | William Hill | |
| 2009-05-03 16:40:46 | San Diego Sabercats | | Demoted | David Nixon | Santiago Sharks |
| 2009-05-03 16:40:30 | San Diego Sabercats | | Demoted | Sean Guzman | Santiago Sharks |
| 2009-05-03 16:40:20 | San Diego Sabercats | | Demoted | Demar DeRozan | Santiago Sharks |
| 2009-05-02 23:30:00 | Miami Macho Men | Tracey Cannon | Acquired via waivers | | Waiver |
| 2009-05-02 22:14:38 | Chicago Hilltoppers | Kevin Daniel | Add/Drop | Willie Samson | |
| 2009-05-02 21:37:24 | Chicago Hilltoppers | Curtis Knight | Add/Drop | Greg Bliss | |
| 2009-05-02 07:36:56 | Houston Octopods | | Demoted | Howard Halton | Syracuse River Rats |
| 2009-05-01 23:52:36 | Indianapolis Tornadoes | | Demoted | Scotty Maxwell | Buenos Aires Eagles |
| 2009-05-01 23:51:40 | Buenos Aires Eagles | | Promoted | Hubie Wisdom | Indianapolis Tornadoes |
| 2009-05-01 23:42:52 | Indianapolis Tornadoes | Alfonso Gunter | Add/Drop | Jack Raines | |
| 2009-05-01 21:10:00 | Houston Octopods | Maxwell Cain | Acquired via waivers | | Waiver |
| 2009-05-01 13:02:12 | Cleveland Weasels | | Demoted | Donald Bray | Pittsburgh Berserkers |