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| 2006-04-27 04:47:38 | Denver Ferris Wheels | | Drop | Dan Devine | |
| 2006-04-27 04:46:40 | Denver Ferris Wheels | | Drop | Charles Frant | |
| 2006-04-27 04:45:30 | Atlanta Eels | Leandro Burchfield | Add/Drop | Ricky Loiben | |
| 2006-04-27 04:35:00 | Atlanta Eels | | Drop | Madden Marquette | |
| 2006-04-27 04:34:24 | Atlanta Eels | | Drop | Thomas Mader | |
| 2006-04-24 12:02:00 | Seattle Cougars | Armon Baird | Acquired via trade | Dion Derr | Kansas City Wildcats |
| 2006-04-24 12:02:00 | Seattle Cougars | Felix Tyler | Acquired via trade | | Kansas City Wildcats |
| 2006-04-24 12:00:00 | San Francisco Golden Gators | 2nd round pick in season 13 | Acquired via trade | 2nd round pick in season 15 | Seattle Cougars |
| 2006-04-24 12:00:00 | San Francisco Golden Gators | 3rd round pick in season 13 | Acquired via trade | | Seattle Cougars |
| 2006-04-24 12:00:00 | San Francisco Golden Gators | 3rd round pick in season 14 | Acquired via trade | | Seattle Cougars |
| 2006-04-23 23:48:00 | Dallas Hounds | 1st round pick in season 13 | Acquired via trade | 1st round pick in season 13 | Phoenix Kangaroos |
| 2006-04-23 23:48:00 | Dallas Hounds | 1st round pick in season 14 | Acquired via trade | | Phoenix Kangaroos |
| 2006-04-23 23:44:00 | Milwaukee Sundancers | Wally Lacefield | Acquired via trade | Beau Joyce | Philadelphia Assassins |
| 2006-04-23 23:44:00 | Milwaukee Sundancers | Daunte Stanton | Acquired via trade | Eric Cowan | Philadelphia Assassins |
| 2006-04-23 23:44:00 | Milwaukee Sundancers | Tony Wilbert | Acquired via trade | Dakota Collins | Philadelphia Assassins |
| 2006-04-23 23:40:00 | Louisville Colonels | 1st round pick in season 13 | Acquired via trade | 1st round pick in season 13 | Las Vegas Dark Knights |
| 2006-04-23 23:40:00 | Louisville Colonels | 1st round pick in season 14 | Acquired via trade | | Las Vegas Dark Knights |
| 2006-04-23 23:40:00 | Louisville Colonels | 2nd round pick in season 14 | Acquired via trade | | Las Vegas Dark Knights |
| 2006-04-23 23:40:00 | Louisville Colonels | Keith Patrick | Acquired via trade | | Las Vegas Dark Knights |
| 2006-04-23 21:00:00 | Indianapolis Tornadoes | Garris Kaylor | Acquired via trade | 2nd round pick in season 13 | Boston Bannerman |
| 2006-04-23 20:54:00 | Phoenix Kangaroos | 1st round pick in season 13 | Acquired via trade | J.J. Cole | St. Louis 5th Alarm |
| 2006-04-23 20:50:00 | San Francisco Golden Gators | 2nd round pick in season 13 | Acquired via trade | Felix Tyler | Kansas City Wildcats |
| 2006-04-23 20:44:00 | Phoenix Kangaroos | Len Beam | Acquired via trade | 1st round pick in season 14 | Salt Lake City Night Hawks |
| 2006-04-23 20:44:00 | Phoenix Kangaroos | Anton Webb | Acquired via trade | 1st round pick in season 15 | Salt Lake City Night Hawks |
| 2006-04-23 20:40:00 | Dallas Hounds | Josh Richardson | Acquired via trade | 2nd round pick in season 13 | Louisville Colonels |