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| 2008-04-27 14:00:58 | Portland Hipsters | | Demoted | Clinton Payton | Montreal Ice Cats |
| 2008-04-27 14:00:46 | Portland Hipsters | | Demoted | Francisco Tyner | Montreal Ice Cats |
| 2008-04-27 14:00:42 | Houston Octopods | | Demoted | Brian Albertson | Syracuse River Rats |
| 2008-04-27 14:00:24 | Houston Octopods | | Demoted | Steven Durant | Syracuse River Rats |
| 2008-04-27 14:00:10 | Houston Octopods | | Demoted | Spencer Hawes | Syracuse River Rats |
| 2008-04-27 13:59:52 | Portland Hipsters | | Demoted | Chad Ezell | Montreal Ice Cats |
| 2008-04-27 13:59:42 | Portland Hipsters | | Demoted | Chad McNelly | Montreal Ice Cats |
| 2008-04-27 13:59:32 | Portland Hipsters | | Demoted | Jeff Mason | Montreal Ice Cats |
| 2008-04-27 13:59:16 | Portland Hipsters | | Demoted | Albert Valverde | Montreal Ice Cats |
| 2008-04-27 13:06:00 | Louisville Colonels | Jeremy Calkins | Acquired via trade | 1st round pick in season 22 | Salt Lake City Night Hawks |
| 2008-04-27 13:04:00 | Indianapolis Tornadoes | Rusty Brewster | Acquired via trade | | Louisville Colonels |
| 2008-04-27 13:02:00 | Salt Lake City Night Hawks | Vincent Byers | Acquired via trade | Toby Quisenberry | Indianapolis Tornadoes |
| 2008-04-27 13:02:00 | Salt Lake City Night Hawks | 1st round pick in season 22 | Acquired via trade | | Indianapolis Tornadoes |
| 2008-04-27 13:00:00 | Salt Lake City Night Hawks | 1st round pick in season 19 | Acquired via trade | 1st round pick in season 19 | Phoenix Kangaroos |
| 2008-04-27 13:00:00 | Salt Lake City Night Hawks | 1st round pick in season 19 | Acquired via trade | | Phoenix Kangaroos |
| 2008-04-27 13:00:00 | Salt Lake City Night Hawks | 1st round pick in season 19 | Acquired via trade | | Phoenix Kangaroos |
| 2008-04-27 13:00:00 | Salt Lake City Night Hawks | Rick Derringer | Acquired via trade | | Phoenix Kangaroos |
| 2008-04-27 13:00:00 | Salt Lake City Night Hawks | Ainsley Herzog | Acquired via trade | | Phoenix Kangaroos |
| 2008-04-27 12:44:26 | Toronto Huskies | | Promoted | Justin Phair | Salt Lake City Night Hawks |
| 2008-04-27 12:43:14 | Salt Lake City Night Hawks | | Demoted | Otis Rodriguez | Toronto Huskies |
| 2008-04-27 12:40:28 | St. Louis 5th Alarm | | Demoted | Gary Walls | Caracas Crocodiles |
| 2008-04-27 12:37:32 | St. Louis 5th Alarm | | Demoted | Herman Atkins | Caracas Crocodiles |
| 2008-04-27 12:37:24 | St. Louis 5th Alarm | | Demoted | Paris Vercher | Caracas Crocodiles |
| 2008-04-27 12:37:16 | St. Louis 5th Alarm | | Demoted | Gary Walls | St. Louis 5th Alarm |
| 2008-04-27 12:37:08 | St. Louis 5th Alarm | | Demoted | Gary Walls | Caracas Crocodiles |