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| 2006-09-02 17:06:00 | San Antonio Brothas | David Cunningham | Acquired via trade | | San Francisco Golden Gators |
| 2006-09-02 17:06:00 | San Antonio Brothas | Jose Darby | Acquired via trade | | San Francisco Golden Gators |
| 2006-09-02 17:04:00 | Phoenix Kangaroos | 1st round pick in season 16 | Acquired via trade | Brenden Hoffman | Philadelphia Assassins |
| 2006-09-02 17:04:00 | Phoenix Kangaroos | Brandon Andrews | Acquired via trade | | Philadelphia Assassins |
| 2006-09-02 17:02:00 | Memphis Express | Irvin Underhill | Acquired via trade | Vincent Barber | Los Angeles Cacti |
| 2006-09-02 17:00:00 | St. Louis 5th Alarm | Charles Conway | Acquired via waivers | | Waiver |
| 2006-09-01 17:24:00 | San Francisco Golden Gators | 2nd round pick in season 15 | Acquired via trade | Felix Tyler | Denver Ferris Wheels |
| 2006-09-01 17:22:00 | Las Vegas Dark Knights | Reggie McAllister | Acquired via trade | Jon Funk | Cleveland Weasels |
| 2006-09-01 17:22:00 | Las Vegas Dark Knights | 2nd round pick in season 15 | Acquired via trade | | Cleveland Weasels |
| 2006-09-01 17:20:00 | San Francisco Golden Gators | Bob Manley | Acquired via trade | 1st round pick in season 15 | Cleveland Weasels |
| 2006-09-01 17:20:00 | San Francisco Golden Gators | 2nd round pick in season 16 | Acquired via trade | 1st round pick in season 16 | Cleveland Weasels |
| 2006-09-01 13:24:24 | Philadelphia Assassins | Wally Lacefield | Add/Drop | | |
| 2006-09-01 07:35:28 | Charlotte Rangers | | Drop | Craig McGovern | |
| 2006-09-01 07:34:02 | Charlotte Rangers | | Drop | Kyle Rose | |
| 2006-09-01 03:11:44 | San Francisco Golden Gators | | Drop | Jim Booker | |
| 2006-09-01 02:37:38 | San Francisco Golden Gators | | Drop | Adam Whitely | |
| 2006-09-01 02:16:54 | San Francisco Golden Gators | | Drop | Merton Pirtle | |
| 2006-09-01 01:20:08 | San Francisco Golden Gators | | Drop | Dakota Rowland | |
| 2006-09-01 01:18:54 | San Francisco Golden Gators | | Drop | Dallas Marsh | |
| 2006-08-31 08:30:56 | Atlanta Eels | | Drop | Amos Maier | |
| 2006-08-31 04:31:18 | Louisville Colonels | Antonio Klein | Add/Drop | Charles Conway | |
| 2006-08-30 09:33:24 | Baltimore Miners | | Drop | Lavon Calvert | |
| 2006-08-30 09:31:32 | Baltimore Miners | | Drop | Rance Tapp | |
| 2006-08-30 06:40:56 | Salt Lake City Night Hawks | Norman Link | Add/Drop | Scott Ganote | |
| 2006-08-29 22:41:42 | Louisville Colonels | Charles Conway | Add/Drop | Jamison Carson | |