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| 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 |
| 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 |