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| 2008-02-16 07:32:48 | Houston Octopods | | Demoted | Orlando Best | Syracuse River Rats |
| 2008-02-16 05:49:22 | Charlotte Rangers | | Drop | Dominic Massey | |
| 2008-02-15 23:25:10 | Philadelphia Assassins | Zachariah Edmondson | Add/Drop | | |
| 2008-02-15 21:16:40 | Philadelphia Assassins | | Demoted | Darwin Choi | South Dakota Blackhawks |
| 2008-02-15 21:06:42 | Philadelphia Assassins | | Demoted | Willie Harper | South Dakota Blackhawks |
| 2008-02-15 21:06:08 | Philadelphia Assassins | | Demoted | Terrance Hawkins | South Dakota Blackhawks |
| 2008-02-15 20:57:56 | Phoenix Kangaroos | | Drop | Tad Muir | |
| 2008-02-15 20:57:04 | San Juan Devils | | Promoted | Freddie Sheets | Phoenix Kangaroos |
| 2008-02-15 20:52:34 | Phoenix Kangaroos | | Demoted | Gilbert Rice | San Juan Devils |
| 2008-02-15 19:51:26 | Dallas Hounds | | Demoted | Doug Duncanson | Norfolk Wolves |
| 2008-02-15 19:51:12 | Dallas Hounds | | Demoted | Gerald Hess | Norfolk Wolves |
| 2008-02-15 19:32:22 | Dallas Hounds | | Drop | Curtis Knight | |
| 2008-02-15 18:26:06 | Chicago Hilltoppers | | Demoted | Virgil Weakley | Clarksville River Bandits |
| 2008-02-15 18:23:26 | Clarksville River Bandits | | Promoted | Benny Ward | Chicago Hilltoppers |
| 2008-02-15 18:22:50 | Chicago Hilltoppers | | Drop | Austin Scanlon | |
| 2008-02-15 18:12:00 | Memphis Express | Terrell Morales | Acquired via trade | 2nd round pick in season 20 | New York Warriors |
| 2008-02-15 18:10:00 | Houston Octopods | Isiah Trevino | Acquired via trade | 1st round pick in season 20 | Cleveland Weasels |
| 2008-02-15 18:10:00 | Houston Octopods | 2nd round pick in season 20 | Acquired via trade | J.J. Cross | Cleveland Weasels |
| 2008-02-15 18:10:00 | Houston Octopods | Orlando Best | Acquired via trade | | Cleveland Weasels |
| 2008-02-15 18:08:00 | Las Vegas Dark Knights | Fred Perez | Acquired via trade | Darwin Choi | Philadelphia Assassins |
| 2008-02-15 18:08:00 | Las Vegas Dark Knights | Elton Fox | Acquired via trade | | Philadelphia Assassins |
| 2008-02-15 18:08:00 | Las Vegas Dark Knights | 2nd round pick in season 20 | Acquired via trade | | Philadelphia Assassins |
| 2008-02-15 18:06:00 | Cleveland Weasels | David Cunningham | Acquired via trade | Shane Meek | Philadelphia Assassins |
| 2008-02-15 18:06:00 | Cleveland Weasels | Terence Anderson | Acquired via trade | Willie Harper | Philadelphia Assassins |
| 2008-02-15 18:06:00 | Cleveland Weasels | 1st round pick in season 20 | Acquired via trade | | Philadelphia Assassins |