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| 2006-04-23 20:40:00 | Dallas Hounds | 2nd round pick in season 14 | Acquired via trade | | Louisville Colonels |
| 2006-04-23 20:40:00 | Dallas Hounds | 3rd round pick in season 13 | Acquired via trade | | Louisville Colonels |
| 2006-04-22 19:10:00 | Kansas City Wildcats | Bo Daniel | Acquired via trade | 1st round pick in season 13 | Los Angeles Cacti |
| 2006-04-22 19:10:00 | Kansas City Wildcats | Mack Hatton | Acquired via trade | | Los Angeles Cacti |
| 2006-04-22 19:08:00 | Indianapolis Tornadoes | 1st round pick in season 13 | Acquired via trade | Jeff Quiggins | Portland Hipsters |
| 2006-04-22 19:08:00 | Indianapolis Tornadoes | 2nd round pick in season 13 | Acquired via trade | Cade Hyatt | Portland Hipsters |
| 2006-04-22 19:06:00 | Sacramento Rainbow Trout | Lowell Leffler | Acquired via trade | Torrence Brewster | Louisville Colonels |
| 2006-04-22 19:06:00 | Sacramento Rainbow Trout | Arlo Crenshaw | Acquired via trade | | Louisville Colonels |
| 2006-04-22 19:04:00 | Phoenix Kangaroos | 1st round pick in season 14 | Acquired via trade | 1st round pick in season 13 | Baltimore Miners |
| 2006-04-22 19:02:00 | Los Angeles Cacti | 1st round pick in season 13 | Acquired via trade | Johnnie Zimlich | Louisville Colonels |
| 2006-04-22 19:02:00 | Los Angeles Cacti | T.J. Graf | Acquired via trade | 2nd round pick in season 14 | Louisville Colonels |
| 2006-04-22 19:00:00 | Denver Ferris Wheels | 1st round pick in season 13 | Acquired via trade | 1st round pick in season 13 | St. Louis 5th Alarm |
| 2006-04-22 19:00:00 | Denver Ferris Wheels | 2nd round pick in season 13 | Acquired via trade | | St. Louis 5th Alarm |
| 2006-03-12 03:09:16 | New York Warriors | Wilt Weatherford | Add/Drop | Irvin McGraw | |
| 2006-03-11 23:00:00 | San Francisco Golden Gators | Tracy Kiper | Acquired via waivers | Marion Shanks | Waiver |
| 2006-03-10 14:21:18 | Sacramento Rainbow Trout | | Drop | Tracy Kiper | |
| 2006-03-09 22:46:00 | San Francisco Golden Gators | Dakota Rowland | Acquired via waivers | Lennox Vogt | Waiver |
| 2006-03-07 13:40:34 | Sacramento Rainbow Trout | Theo Poynter | Add/Drop | Derrick Thomas | |
| 2006-03-07 13:39:22 | Sacramento Rainbow Trout | Derrick Thomas | Add/Drop | Ervin Gadlage | |
| 2006-03-07 13:33:46 | Sacramento Rainbow Trout | Ervin Gadlage | Add/Drop | Dakota Rowland | |
| 2006-03-07 13:30:14 | Sacramento Rainbow Trout | Dakota Rowland | Add/Drop | | |
| 2006-03-07 12:40:52 | San Francisco Golden Gators | Lennox Vogt | Add/Drop | Alfonso Gooch | |
| 2006-03-06 22:24:00 | Louisville Colonels | B.J. Blackwell | Acquired via waivers | Hank Dicken | Waiver |
| 2006-03-04 02:20:38 | Louisville Colonels | Hank Dicken | Add/Drop | B.J. Blackwell | |
| 2006-03-03 22:31:04 | Houston Octopods | | Drop | Wilt Weatherford | |