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| 2008-12-21 03:31:22 | Cincinnati Skyliners | | Demoted | Dana Bolin | Sao Paulo Jackalopes |
| 2008-12-20 22:42:26 | Phoenix Kangaroos | | Demoted | Kirby Ross | San Juan Devils |
| 2008-12-20 22:42:18 | Phoenix Kangaroos | | Demoted | Glen Fredrickson | San Juan Devils |
| 2008-12-20 22:42:06 | Phoenix Kangaroos | | Demoted | Calvin Gantz | San Juan Devils |
| 2008-12-20 22:10:02 | New Orleans Hurricanes | | Demoted | Alan Gorham | Detroit Gear Daddies |
| 2008-12-20 22:09:32 | New Orleans Hurricanes | | Demoted | Kevin Kraft | Detroit Gear Daddies |
| 2008-12-20 22:09:04 | New Orleans Hurricanes | | Demoted | Frank Alcorn | Detroit Gear Daddies |
| 2008-12-20 19:42:02 | Los Angeles Cacti | | Drop | Gene Burton | |
| 2008-12-20 19:36:12 | Los Angeles Cacti | | Demoted | Ira Medrano | Quebec Buzz |
| 2008-12-20 19:36:10 | Los Angeles Cacti | | Demoted | Kim Thue | Quebec Buzz |
| 2008-12-20 18:08:46 | Milwaukee Sundancers | | Demoted | Justin Huculak | Winnipeg Warriors |
| 2008-12-20 17:32:30 | Salt Lake City Night Hawks | | Demoted | Tremaine Thomas | Toronto Huskies |
| 2008-12-20 17:32:24 | Salt Lake City Night Hawks | | Demoted | Harvey Chambers | Toronto Huskies |
| 2008-12-20 17:32:06 | Salt Lake City Night Hawks | | Demoted | Mike Gansey | Toronto Huskies |
| 2008-12-20 17:30:00 | Denver Ferris Wheels | Russell Alvarez | Acquired via trade | Joseph Hanson | Louisville Colonels |
| 2008-12-20 17:30:00 | Denver Ferris Wheels | 2nd round pick in season 21 | Acquired via trade | | Louisville Colonels |
| 2008-12-20 17:30:00 | Denver Ferris Wheels | 2nd round pick in season 21 | Acquired via trade | | Louisville Colonels |
| 2008-12-20 17:30:00 | Denver Ferris Wheels | 1st round pick in season 23 | Acquired via trade | | Louisville Colonels |
| 2008-12-20 17:22:40 | Toronto Huskies | | Promoted | Mike Gansey | Salt Lake City Night Hawks |
| 2008-12-20 17:22:22 | Toronto Huskies | | Promoted | Harvey Chambers | Salt Lake City Night Hawks |
| 2008-12-20 17:22:10 | Toronto Huskies | | Promoted | Tremaine Thomas | Salt Lake City Night Hawks |
| 2008-12-20 17:12:02 | Salt Lake City Night Hawks | | Demoted | Harvey Chambers | Toronto Huskies |
| 2008-12-20 17:11:52 | Salt Lake City Night Hawks | | Demoted | Tremaine Thomas | Toronto Huskies |
| 2008-12-20 17:11:38 | Salt Lake City Night Hawks | | Demoted | Neal Nall | Toronto Huskies |
| 2008-12-20 14:53:28 | Indianapolis Tornadoes | | Drop | Alfredo Lam | |