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| 2006-12-30 17:50:00 | Louisville Colonels | Fred Crain | Acquired via trade | | San Francisco Golden Gators |
| 2006-12-30 17:50:00 | Louisville Colonels | Conrad Walter | Acquired via trade | | San Francisco Golden Gators |
| 2006-12-30 17:48:18 | Sacramento Rainbow Trout | | Drop | Gregor Whelan | |
| 2006-12-30 17:41:40 | Sacramento Rainbow Trout | | Drop | Tristan Moreno | |
| 2006-12-30 17:23:52 | San Francisco Golden Gators | | Drop | Stephen Simpson | |
| 2006-12-30 17:21:26 | San Francisco Golden Gators | | Drop | Horton Hammer | |
| 2006-12-30 13:17:50 | Portland Hipsters | Fred Peterson | Add/Drop | Russell Carlisle | |
| 2006-12-30 12:41:32 | Portland Hipsters | | Drop | Lorenzo Billings | |
| 2006-12-30 12:35:34 | Portland Hipsters | | Drop | Trey Upton | |
| 2006-12-30 01:21:08 | Miami Macho Men | | Drop | Owen Dahlem | |
| 2006-12-30 01:17:56 | Miami Macho Men | Eduardo Downie | Add/Drop | Mathew Alaniz | |
| 2006-12-30 00:08:10 | San Francisco Golden Gators | | Drop | Edgar Walden | |
| 2006-12-30 00:06:56 | San Francisco Golden Gators | | Drop | Max Oettinger | |
| 2006-12-29 21:05:00 | Sacramento Rainbow Trout | Tristan Moreno | Add/Drop | | |
| 2006-12-29 20:45:22 | Atlanta Eels | | Drop | Glendon Fortner | |
| 2006-12-29 20:44:56 | Atlanta Eels | | Drop | Vince Isaac | |
| 2006-12-29 19:10:00 | Indianapolis Tornadoes | Alfonso Gooch | Acquired via trade | 2nd round pick in season 17 | New Orleans Hurricanes |
| 2006-12-29 19:08:00 | Salt Lake City Night Hawks | Jontae Meier | Acquired via trade | Conley McLeod | Miami Macho Men |
| 2006-12-29 19:06:00 | Louisville Colonels | 2nd round pick in season 17 | Acquired via trade | Akili Maiden | Cleveland Weasels |
| 2006-12-29 19:04:00 | Philadelphia Assassins | Steven Carter | Acquired via trade | 1st round pick in season 17 | Louisville Colonels |
| 2006-12-29 19:04:00 | Philadelphia Assassins | Herschel Glidewell | Acquired via trade | Alton Good | Louisville Colonels |
| 2006-12-29 19:04:00 | Philadelphia Assassins | Eugene Thurman | Acquired via trade | | Louisville Colonels |
| 2006-12-29 19:02:00 | Louisville Colonels | Pete Haggard | Acquired via trade | 2nd round pick in season 16 | San Francisco Golden Gators |
| 2006-12-29 19:00:00 | Cleveland Weasels | Kenny Wantland | Acquired via waivers | | TBD |
| 2006-12-29 19:00:00 | Sacramento Rainbow Trout | Samuel White | Acquired via waivers | | TBD |