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| 2006-12-25 18:44:38 | Salt Lake City Night Hawks | | Drop | Fairleigh Simpson | |
| 2006-12-25 18:43:30 | Salt Lake City Night Hawks | | Drop | Billy Lynn | |
| 2006-12-25 15:28:46 | Indianapolis Tornadoes | | Drop | Kenny Wantland | |
| 2006-12-25 15:26:42 | Indianapolis Tornadoes | | Drop | Jed Sauer | |
| 2006-12-24 12:08:00 | Memphis Express | 2nd round pick in season 15 | Acquired via trade | 2nd round pick in season 17 | Seattle Cougars |
| 2006-12-24 02:18:00 | Memphis Express | 1st round pick in season 15 | Acquired via trade | 1st round pick in season 15 | Phoenix Kangaroos |
| 2006-12-24 02:18:00 | Memphis Express | 1st round pick in season 15 | Acquired via trade | | Phoenix Kangaroos |
| 2006-12-24 02:16:00 | New York Warriors | Kincaid Major | Acquired via trade | Raphael Zabel | Salt Lake City Night Hawks |
| 2006-12-24 02:16:00 | New York Warriors | 2nd round pick in season 15 | Acquired via trade | | Salt Lake City Night Hawks |
| 2006-12-24 02:16:00 | New York Warriors | 2nd round pick in season 17 | Acquired via trade | | Salt Lake City Night Hawks |
| 2006-12-24 02:16:00 | New York Warriors | 3rd round pick in season 17 | Acquired via trade | | Salt Lake City Night Hawks |
| 2006-12-23 23:58:00 | Los Angeles Cacti | 2nd round pick in season 16 | Acquired via trade | Todd Cosby | Louisville Colonels |
| 2006-12-23 23:58:00 | Los Angeles Cacti | 1st round pick in season 17 | Acquired via trade | 2nd round pick in season 15 | Louisville Colonels |
| 2006-12-23 23:58:00 | Los Angeles Cacti | Rodney Rogers | Acquired via trade | | Louisville Colonels |
| 2006-12-23 23:56:00 | Louisville Colonels | 1st round pick in season 15 | Acquired via trade | Sal Vanover | Phoenix Kangaroos |
| 2006-12-23 23:56:00 | Louisville Colonels | 1st round pick in season 15 | Acquired via trade | | Phoenix Kangaroos |
| 2006-12-23 23:56:00 | Louisville Colonels | 1st round pick in season 15 | Acquired via trade | | Phoenix Kangaroos |
| 2006-12-22 20:56:00 | Dallas Hounds | Ollie Bramble | Acquired via trade | 1st round pick in season 15 | Los Angeles Cacti |
| 2006-12-22 20:56:00 | Dallas Hounds | Norman Copeland | Acquired via trade | 2nd round pick in season 15 | Los Angeles Cacti |
| 2006-12-22 20:56:00 | Dallas Hounds | Travis Langley | Acquired via trade | | Los Angeles Cacti |
| 2006-12-22 20:54:00 | Seattle Cougars | 2nd round pick in season 17 | Acquired via trade | 2nd round pick in season 15 | New York Warriors |
| 2006-12-22 20:52:00 | Phoenix Kangaroos | 1st round pick in season 15 | Acquired via trade | Dammel Wreckage | Seattle Cougars |
| 2006-12-22 20:52:00 | Phoenix Kangaroos | 1st round pick in season 15 | Acquired via trade | Chase Salmon | Seattle Cougars |
| 2006-12-22 20:52:00 | Phoenix Kangaroos | 1st round pick in season 15 | Acquired via trade | 1st round pick in season 17 | Seattle Cougars |
| 2006-12-22 20:50:00 | Indianapolis Tornadoes | Geronimo Downey | Acquired via trade | 1st round pick in season 15 | Louisville Colonels |