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| 2008-02-27 22:08:52 | Louisville Colonels | Curtis Knight | Add/Drop | Giles Leaky | |
| 2008-02-27 11:20:26 | Philadelphia Assassins | | Demoted | Tyrone Hughes | South Dakota Blackhawks |
| 2008-02-27 11:18:30 | South Dakota Blackhawks | | Promoted | Ronnie Klempner | Philadelphia Assassins |
| 2008-02-26 17:05:08 | South Dakota Blackhawks | | Promoted | Earl Sherman | Philadelphia Assassins |
| 2008-02-25 23:27:20 | New Orleans Hurricanes | Alfonso Gooch | Add/Drop | | |
| 2008-02-25 22:40:00 | Denver Ferris Wheels | 2nd round pick in season 19 | Acquired via trade | Huey Hilton | Kansas City Wildcats |
| 2008-02-25 22:40:00 | Denver Ferris Wheels | Terence McKenna | Acquired via trade | | Kansas City Wildcats |
| 2008-02-25 22:40:00 | Denver Ferris Wheels | 3rd round pick in season 19 | Acquired via trade | | Kansas City Wildcats |
| 2008-02-24 09:08:28 | Cleveland Weasels | | Demoted | Tommy Lawrence | Pittsburgh Berserkers |
| 2008-02-24 09:07:14 | Pittsburgh Berserkers | | Promoted | Frank Casillas | Cleveland Weasels |
| 2008-02-24 03:11:22 | Louisville Colonels | | Demoted | Jarred Compton | Buffalo Bombers |
| 2008-02-24 03:11:06 | Buffalo Bombers | | Promoted | Giles Leaky | Louisville Colonels |
| 2008-02-24 03:08:16 | Louisville Colonels | Giles Leaky | Add/Drop | Curtis Knight | |
| 2008-02-23 21:23:52 | Sacramento Rainbow Trout | | Demoted | Marvin Trujillo | Edmonton SilverShoes |
| 2008-02-23 21:19:42 | Edmonton SilverShoes | | Promoted | Marvin Trujillo | Sacramento Rainbow Trout |
| 2008-02-23 21:14:38 | Sacramento Rainbow Trout | | Demoted | Leo Pendarvis | Edmonton SilverShoes |
| 2008-02-23 21:14:10 | Edmonton SilverShoes | | Promoted | Robert Seals | Sacramento Rainbow Trout |
| 2008-02-23 21:11:00 | Sacramento Rainbow Trout | Russell Carlisle | Add/Drop | | |
| 2008-02-23 21:07:02 | Sacramento Rainbow Trout | Leo Pendarvis | Add/Drop | | |
| 2008-02-23 18:20:00 | Cleveland Weasels | Tommy Lawrence | Acquired via waivers | Monte Pelayo | Waiver |
| 2008-02-23 18:18:00 | Dallas Hounds | Bob Vest | Acquired via trade | 1st round pick in season 20 | Sacramento Rainbow Trout |
| 2008-02-23 18:18:00 | Dallas Hounds | 2nd round pick in season 20 | Acquired via trade | | Sacramento Rainbow Trout |
| 2008-02-23 18:16:00 | St. Louis 5th Alarm | Russell Alvarez | Acquired via trade | 1st round pick in season 21 | Phoenix Kangaroos |
| 2008-02-23 18:16:00 | St. Louis 5th Alarm | 2nd round pick in season 19 | Acquired via trade | | Phoenix Kangaroos |
| 2008-02-23 17:54:30 | Phoenix Kangaroos | Joe Fierros | Add/Drop | | |