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| 2008-01-10 20:47:36 | Los Angeles Cacti | | Drop | Damian Robeson | |
| 2008-01-10 20:43:24 | Los Angeles Cacti | | Drop | Travis Batts | |
| 2008-01-10 20:42:04 | Los Angeles Cacti | | Drop | Emmitt Weed | |
| 2008-01-10 20:15:24 | Houston Octopods | | Demoted | Harlan Carver | Syracuse River Rats |
| 2008-01-10 19:53:30 | Milwaukee Sundancers | | Demoted | Darrell Cusick | Winnipeg Warriors |
| 2008-01-10 19:33:16 | Winnipeg Warriors | | Promoted | Darrell Cusick | Milwaukee Sundancers |
| 2008-01-10 19:30:46 | Milwaukee Sundancers | | Demoted | Fred Peterson | Winnipeg Warriors |
| 2008-01-10 19:10:00 | Indianapolis Tornadoes | 3rd round pick in season 19 | Acquired via trade | Tyler Money | St. Louis 5th Alarm |
| 2008-01-10 19:08:00 | Indianapolis Tornadoes | Sid Dauenhauer | Acquired via trade | 2nd round pick in season 19 | Los Angeles Cacti |
| 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 |