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| 2006-02-27 08:28:42 | Indianapolis Tornadoes | | Drop | Jaime Hardin | |
| 2006-02-26 14:22:10 | Milwaukee Sundancers | Wyatt Wells | Add/Drop | Owen Gibbons | |
| 2006-02-26 12:11:38 | Sacramento Rainbow Trout | | Drop | Flip Maxwell | |
| 2006-02-25 23:26:00 | San Antonio Brothas | Fernando England | Acquired via trade | Brendan Leitner | Milwaukee Sundancers |
| 2006-02-25 23:26:00 | San Antonio Brothas | Martin OReilly | Acquired via trade | Jackson Tabor | Milwaukee Sundancers |
| 2006-02-25 23:24:00 | Kansas City Wildcats | Samuel Rutherford | Acquired via trade | Flip Maxwell | Sacramento Rainbow Trout |
| 2006-02-25 23:24:00 | Kansas City Wildcats | 3rd round pick in season 14 | Acquired via trade | | Sacramento Rainbow Trout |
| 2006-02-25 23:22:00 | New Orleans Hurricanes | 3rd round pick in season 13 | Acquired via trade | Ray Hamblin | Sacramento Rainbow Trout |
| 2006-02-25 23:22:00 | New Orleans Hurricanes | 2nd round pick in season 15 | Acquired via trade | | Sacramento Rainbow Trout |
| 2006-02-25 23:20:00 | San Francisco Golden Gators | Alfonso Gooch | Acquired via waivers | | Waiver |
| 2006-02-25 13:58:30 | Sacramento Rainbow Trout | | Drop | Geoff Clemons | |
| 2006-02-25 13:57:54 | Sacramento Rainbow Trout | | Drop | Theo Poynter | |
| 2006-02-25 12:13:12 | Louisville Colonels | | Drop | Geoffrey Craig | |
| 2006-02-25 09:42:12 | Indianapolis Tornadoes | Cade Hyatt | Add/Drop | | |
| 2006-02-25 02:35:06 | Indianapolis Tornadoes | | Drop | Nate Harlow | |
| 2006-02-24 23:16:00 | San Francisco Golden Gators | 2nd round pick in season 14 | Acquired via trade | Lowell Leffler | Louisville Colonels |
| 2006-02-24 23:14:00 | Philadelphia Assassins | Carlos Jett | Acquired via trade | Giles Ross | San Antonio Brothas |
| 2006-02-23 02:32:18 | Louisville Colonels | Geoffrey Craig | Add/Drop | Alfonso Gooch | |
| 2006-02-21 16:32:10 | Louisville Colonels | Alfonso Gooch | Add/Drop | | |
| 2006-02-21 08:10:02 | Louisville Colonels | | Drop | Hank Dicken | |
| 2006-02-20 19:10:00 | Milwaukee Sundancers | Linus Wooldridge | Acquired via trade | Elliott Maupin | San Antonio Brothas |
| 2006-02-20 19:10:00 | Milwaukee Sundancers | Giles Norwood | Acquired via trade | Royce Ganote | San Antonio Brothas |
| 2006-02-20 19:10:00 | Milwaukee Sundancers | Erwin Crook | Acquired via trade | Scott Ganote | San Antonio Brothas |
| 2006-02-20 11:05:16 | Sacramento Rainbow Trout | Alton Weinberg | Add/Drop | | |
| 2006-02-18 23:58:06 | Houston Octopods | | Drop | D.J. Watkins | |