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| 2006-04-27 06:55:14 | Atlanta Eels | Roger Janelle | Add/Drop | Lee Conway | |
| 2006-04-27 06:38:00 | Indianapolis Tornadoes | Elias Barber | Add/Drop | Eric Lyvers | |
| 2006-04-27 06:34:36 | Orlando Bombers | Dave Weldon | Add/Drop | Haywood Willinger | |
| 2006-04-27 05:58:18 | Atlanta Eels | | Drop | Ricky Brashear | |
| 2006-04-27 05:41:42 | Los Angeles Cacti | Rick Davis | Add/Drop | Jesus Gahlinger | |
| 2006-04-27 05:33:30 | Los Angeles Cacti | | Drop | T.J. Graf | |
| 2006-04-27 05:27:30 | Los Angeles Cacti | | Drop | Mark Ingham | |
| 2006-04-27 04:57:36 | Atlanta Eels | Lee Conway | Add/Drop | Roger Dupay | |
| 2006-04-27 04:53:48 | Atlanta Eels | Sal Vanover | Add/Drop | Kendall Gomez | |
| 2006-04-27 04:48:32 | Denver Ferris Wheels | | Drop | Galen Manuel | |
| 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 |