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| 2008-08-24 12:44:00 | Dallas Hounds | | Demoted | Raul Lopez | Norfolk Wolves |
| 2008-08-24 12:43:56 | Salt Lake City Night Hawks | | Demoted | Richard Bailey | Toronto Huskies |
| 2008-08-24 12:43:52 | Dallas Hounds | | Demoted | Jeffery Fanning | Norfolk Wolves |
| 2008-08-24 12:43:50 | Salt Lake City Night Hawks | | Demoted | Howard Phipps | Toronto Huskies |
| 2008-08-24 12:43:36 | Salt Lake City Night Hawks | | Demoted | Clayton Vanhorn | Toronto Huskies |
| 2008-08-24 12:15:54 | Charlotte Rangers | | Demoted | Walter Espinoza | Rio de Janeiro Red Storm |
| 2008-08-24 12:15:36 | Charlotte Rangers | | Demoted | Ronald Moss | Rio de Janeiro Red Storm |
| 2008-08-24 12:15:20 | Charlotte Rangers | | Demoted | Norris Jarrett | Rio de Janeiro Red Storm |
| 2008-08-24 12:15:00 | Charlotte Rangers | | Demoted | Danny Cowman | Rio de Janeiro Red Storm |
| 2008-08-24 12:14:36 | Charlotte Rangers | | Demoted | Salvatore Dennis | Rio de Janeiro Red Storm |
| 2008-08-24 12:00:00 | New York Warriors | 1st round pick in season 20 | Acquired via trade | Kincaid Major | Salt Lake City Night Hawks |
| 2008-08-24 12:00:00 | New York Warriors | 1st round pick in season 20 | Acquired via trade | | Salt Lake City Night Hawks |
| 2008-08-24 12:00:00 | New York Warriors | 2nd round pick in season 21 | Acquired via trade | | Salt Lake City Night Hawks |
| 2008-08-24 11:43:44 | St. Louis 5th Alarm | | Demoted | Dick Nye | Caracas Crocodiles |
| 2008-08-24 11:43:38 | St. Louis 5th Alarm | | Demoted | Brock Stamps | Caracas Crocodiles |
| 2008-08-24 11:43:30 | St. Louis 5th Alarm | | Demoted | Kevin Pratt | Caracas Crocodiles |
| 2008-08-24 08:25:44 | Syracuse River Rats | | Promoted | Albert Oneal | Houston Octopods |
| 2008-08-24 08:14:02 | Houston Octopods | | Demoted | Jackson Butcher | Syracuse River Rats |
| 2008-08-24 08:13:38 | Houston Octopods | | Demoted | Randal Vanwagenen | Syracuse River Rats |
| 2008-08-24 08:13:04 | Houston Octopods | | Demoted | Cleveland Guerra | Syracuse River Rats |
| 2008-08-24 03:39:50 | Los Angeles Cacti | | Demoted | Marcus Sutcliffe | Quebec Buzz |
| 2008-08-24 03:39:22 | Los Angeles Cacti | | Demoted | Kirk Mckenney | Quebec Buzz |
| 2008-08-23 18:18:28 | Salt Lake City Night Hawks | | Demoted | Dirk Dawson | Toronto Huskies |
| 2008-08-23 18:18:12 | Salt Lake City Night Hawks | | Demoted | Erin Brothers | Toronto Huskies |
| 2008-08-23 10:45:50 | Mexico City Aztecs | | Promoted | Eugene Varghese | Denver Ferris Wheels |