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| 2008-01-10 19:06:00 | Boston Bannerman | David Kasey | Acquired via trade | Chris Burt | Los Angeles Cacti |
| 2008-01-10 19:06:00 | Boston Bannerman | 2nd round pick in season 19 | Acquired via trade | | Los Angeles Cacti |
| 2008-01-10 19:04:00 | Phoenix Kangaroos | William Jackson | Acquired via trade | Matthew Cobb | Indianapolis Tornadoes |
| 2008-01-10 19:04:00 | Phoenix Kangaroos | 1st round pick in season 20 | Acquired via trade | | Indianapolis Tornadoes |
| 2008-01-10 19:02:00 | Philadelphia Assassins | Javon Long | Acquired via trade | Marion Valtierra | Las Vegas Dark Knights |
| 2008-01-10 19:02:00 | Philadelphia Assassins | Lance Lowe | Acquired via trade | Leo Richard | Las Vegas Dark Knights |
| 2008-01-10 19:02:00 | Philadelphia Assassins | Nathella Brash | Acquired via trade | | Las Vegas Dark Knights |
| 2008-01-10 19:00:00 | Salt Lake City Night Hawks | 1st round pick in season 21 | Acquired via trade | 1st round pick in season 19 | Louisville Colonels |
| 2008-01-10 19:00:00 | Salt Lake City Night Hawks | 2nd round pick in season 21 | Acquired via trade | Marcel Waterbury | Louisville Colonels |
| 2008-01-10 18:58:00 | Salt Lake City Night Hawks | 2nd round pick in season 19 | Acquired via trade | Clifford Little | Milwaukee Sundancers |
| 2008-01-10 18:58:00 | Salt Lake City Night Hawks | 1st round pick in season 21 | Acquired via trade | | Milwaukee Sundancers |
| 2008-01-10 16:57:54 | Salt Lake City Night Hawks | Dallas Herron | Add/Drop | | |
| 2008-01-10 16:30:00 | Los Angeles Cacti | Greg Paul | Acquired via waivers | Chase Salmon | Waiver |
| 2008-01-10 16:30:00 | Phoenix Kangaroos | Jon Funk | Acquired via waivers | Rich Oshields | Waiver |
| 2008-01-10 16:30:00 | Dallas Hounds | Curtis Knight | Acquired via waivers | Alfonso Gooch | Waiver |
| 2008-01-10 16:30:00 | Denver Ferris Wheels | Adam Whitely | Acquired via waivers | Gabby Kuntz | Waiver |
| 2008-01-10 16:30:00 | Cleveland Weasels | Marvin Dobson | Acquired via waivers | Darryl Hurst | Waiver |
| 2008-01-10 16:18:10 | Milwaukee Sundancers | Deon Lopez | Add/Drop | Chase Presley | |
| 2008-01-10 15:52:22 | Louisville Colonels | | Drop | Justin Gagnon | |
| 2008-01-10 15:46:14 | Buffalo Bombers | | Promoted | Justin Gagnon | Louisville Colonels |
| 2008-01-10 15:45:56 | Buffalo Bombers | | Promoted | Bruce Blincoe | Louisville Colonels |
| 2008-01-10 15:44:58 | Milwaukee Sundancers | Geronimo Downey | Add/Drop | Ron Lenahan | |
| 2008-01-10 15:43:46 | Louisville Colonels | | Demoted | Jarred Compton | Buffalo Bombers |
| 2008-01-10 15:42:16 | Milwaukee Sundancers | Fairleigh Rehm | Add/Drop | Maury Sachse | |
| 2008-01-10 15:42:12 | Louisville Colonels | Lee Booth | Add/Drop | Cade Chambers | |