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| 2008-08-24 19:17:04 | Milwaukee Sundancers | Benny Bautista | Add/Drop | | |
| 2008-08-24 18:26:24 | Milwaukee Sundancers | | Demoted | Shane Tate | Winnipeg Warriors |
| 2008-08-24 18:23:38 | Atlanta Eels | | Drop | Gary Blanchard | |
| 2008-08-24 18:21:58 | Atlanta Eels | | Drop | Alexander Winter | |
| 2008-08-24 18:08:24 | Atlanta Eels | | Demoted | Speedy Busch | Tampa Runner-ups |
| 2008-08-24 18:05:28 | Atlanta Eels | | Demoted | Don Clyburn | Tampa Runner-ups |
| 2008-08-24 18:04:56 | Atlanta Eels | | Demoted | Derick Roehrig | Tampa Runner-ups |
| 2008-08-24 18:02:50 | Atlanta Eels | | Demoted | Duane Dunn | Tampa Runner-ups |
| 2008-08-24 13:57:28 | San Juan Devils | | Promoted | Andrew Rivera | Phoenix Kangaroos |
| 2008-08-24 13:39:22 | Phoenix Kangaroos | | Demoted | Frank Kastner | San Juan Devils |
| 2008-08-24 13:39:12 | Phoenix Kangaroos | | Demoted | Rubin Green | San Juan Devils |
| 2008-08-24 13:38:54 | Phoenix Kangaroos | | Demoted | Johnny Pippin | San Juan Devils |
| 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 |