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| 2008-04-25 13:08:16 | Philadelphia Assassins | | Demoted | Floyd Tracy | South Dakota Blackhawks |
| 2008-04-25 13:04:56 | South Dakota Blackhawks | | Promoted | Earl Sherman | Philadelphia Assassins |
| 2008-04-25 13:01:16 | South Dakota Blackhawks | | Promoted | Darwin Choi | Philadelphia Assassins |
| 2008-04-24 15:50:00 | Dallas Hounds | 2nd round pick in season 21 | Acquired via trade | Arnold Becker | Indianapolis Tornadoes |
| 2008-04-24 15:50:00 | Dallas Hounds | Neil Perdue | Acquired via trade | | St. Louis 5th Alarm |
| 2008-04-24 15:50:00 | St. Louis 5th Alarm | Elliott Medina | Acquired via trade | | Indianapolis Tornadoes |
| 2008-04-24 15:46:00 | Seattle Cougars | Elwin Schultz | Acquired via trade | Manuel Kearns | St. Louis 5th Alarm |
| 2008-04-24 15:46:00 | Seattle Cougars | 2nd round pick in season 19 | Acquired via trade | | St. Louis 5th Alarm |
| 2008-04-24 15:44:00 | Philadelphia Assassins | Kevin Paulsen | Acquired via trade | Shane Meek | Las Vegas Dark Knights |
| 2008-04-24 15:44:00 | Philadelphia Assassins | Floyd Tracy | Acquired via trade | Glendon Ireland | Las Vegas Dark Knights |
| 2008-04-24 15:44:00 | Philadelphia Assassins | Scott Baio | Acquired via trade | Claude Fritsch | Las Vegas Dark Knights |
| 2008-04-24 15:44:00 | Philadelphia Assassins | 1st round pick in season 21 | Acquired via trade | | Las Vegas Dark Knights |
| 2008-04-24 15:42:00 | Seattle Cougars | Russell Alvarez | Acquired via trade | Dante Jacobs | St. Louis 5th Alarm |
| 2008-04-24 15:40:00 | Seattle Cougars | 1st round pick in season 19 | Acquired via trade | 1st round pick in season 21 | Charlotte Rangers |
| 2008-04-24 15:40:00 | Seattle Cougars | 3rd round pick in season 19 | Acquired via trade | | Charlotte Rangers |
| 2008-04-24 15:40:00 | Seattle Cougars | 3rd round pick in season 19 | Acquired via trade | | Charlotte Rangers |
| 2008-04-24 15:30:00 | Salt Lake City Night Hawks | 1st round pick in season 20 | Acquired via trade | Albert Ransdell | Houston Octopods |
| 2008-04-24 15:30:00 | Salt Lake City Night Hawks | 1st round pick in season 21 | Acquired via trade | 2nd round pick in season 19 | Houston Octopods |
| 2008-04-24 15:30:00 | Salt Lake City Night Hawks | Wm Best | Acquired via trade | Raphael Zabel | Houston Octopods |
| 2008-04-24 15:30:00 | Salt Lake City Night Hawks | Justin Phair | Acquired via trade | Mathew Maier | Houston Octopods |
| 2008-04-24 15:30:00 | Salt Lake City Night Hawks | Ed Chavez | Acquired via trade | | Houston Octopods |
| 2008-04-24 15:28:00 | Houston Octopods | Shane Black | Acquired via trade | Conrad Dale | Dallas Hounds |
| 2008-04-24 15:28:00 | Houston Octopods | 1st round pick in season 19 | Acquired via trade | Orlando Best | Dallas Hounds |
| 2008-04-24 15:26:00 | Indianapolis Tornadoes | 1st round pick in season 19 | Acquired via trade | 1st round pick in season 20 | Charlotte Rangers |
| 2008-04-24 15:26:00 | Indianapolis Tornadoes | 2nd round pick in season 19 | Acquired via trade | 2nd round pick in season 21 | Charlotte Rangers |