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| 2006-08-21 13:37:46 | Dallas Hounds | | Drop | Dwayne Gruff | |
| 2006-08-21 13:37:14 | Dallas Hounds | | Drop | Arnie Warren | |
| 2006-08-21 13:19:30 | Orlando Bombers | Horton Hammer | Add/Drop | Norman Link | |
| 2006-08-21 13:16:38 | Orlando Bombers | Leo Kemper | Add/Drop | Travis Logsdon | |
| 2006-08-21 13:03:02 | Los Angeles Cacti | B.J. Dominguez | Add/Drop | | |
| 2006-08-21 13:02:00 | Los Angeles Cacti | Billy Patchell | Add/Drop | | |
| 2006-08-21 12:54:04 | Los Angeles Cacti | Wayne Castellanos | Add/Drop | | |
| 2006-08-21 12:45:48 | Los Angeles Cacti | Randy Harvey | Add/Drop | | |
| 2006-08-21 12:35:52 | Louisville Colonels | | Drop | Narayana Windenberger | |
| 2006-08-21 12:34:14 | New York Warriors | Casey Anderson | Add/Drop | | |
| 2006-08-21 12:27:08 | New York Warriors | John Tatum | Add/Drop | | |
| 2006-08-21 12:12:46 | Salt Lake City Night Hawks | | Drop | Hector Palvacini | |
| 2006-08-21 11:42:00 | San Antonio Brothas | Joey Barlow | Acquired via trade | 2nd round pick in season 14 | Philadelphia Assassins |
| 2006-08-21 11:42:00 | San Antonio Brothas | Jed Hamblin | Acquired via trade | | Philadelphia Assassins |
| 2006-08-21 07:02:00 | Kansas City Wildcats | 2nd round pick in season 14 | Acquired via trade | Dion Derr | Louisville Colonels |
| 2006-08-21 07:00:00 | Louisville Colonels | Geronimo Downey | Acquired via trade | Keith Patrick | Memphis Express |
| 2006-08-20 18:22:00 | San Francisco Golden Gators | Dallas Marsh | Acquired via trade | Antonio Melton | Louisville Colonels |
| 2006-08-20 18:22:00 | San Francisco Golden Gators | 1st round pick in season 16 | Acquired via trade | Tommy Behrens | Louisville Colonels |
| 2006-08-20 18:22:00 | San Francisco Golden Gators | 2nd round pick in season 16 | Acquired via trade | | Louisville Colonels |
| 2006-08-20 18:22:00 | San Francisco Golden Gators | 2nd round pick in season 14 | Acquired via trade | | Louisville Colonels |
| 2006-08-20 18:22:00 | San Francisco Golden Gators | 3rd round pick in season 16 | Acquired via trade | | Louisville Colonels |
| 2006-08-19 12:24:00 | Louisville Colonels | Mario Hutcherson | Acquired via trade | Sherm Braun | Sacramento Rainbow Trout |
| 2006-08-19 12:24:00 | Louisville Colonels | 1st round pick in season 14 | Acquired via trade | | Sacramento Rainbow Trout |
| 2006-08-19 12:22:00 | San Antonio Brothas | Spencer Downey | Acquired via trade | 1st round pick in season 16 | Philadelphia Assassins |
| 2006-08-19 12:22:00 | San Antonio Brothas | Irving Currie | Acquired via trade | Leo Richard | Philadelphia Assassins |