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| 2006-12-22 20:50:00 | Indianapolis Tornadoes | Marvin Dobson | Acquired via trade | | Louisville Colonels |
| 2006-12-22 20:48:00 | Louisville Colonels | 1st round pick in season 15 | Acquired via trade | Isaac Luke | St. Louis 5th Alarm |
| 2006-12-22 20:48:00 | Louisville Colonels | 2nd round pick in season 15 | Acquired via trade | Willis Emerson | St. Louis 5th Alarm |
| 2006-12-22 20:48:00 | Louisville Colonels | 2nd round pick in season 15 | Acquired via trade | | St. Louis 5th Alarm |
| 2006-12-22 20:46:00 | Kansas City Wildcats | Cameron Keller | Acquired via trade | 1st round pick in season 17 | Louisville Colonels |
| 2006-12-22 20:46:00 | Kansas City Wildcats | Teddy Graves | Acquired via trade | | Louisville Colonels |
| 2006-12-22 20:44:00 | New York Warriors | Dennis Mullen | Acquired via trade | Jeff Quiggins | Dallas Hounds |
| 2006-12-22 20:44:00 | New York Warriors | Terrell Morales | Acquired via trade | | Dallas Hounds |
| 2006-12-22 20:42:00 | Phoenix Kangaroos | LeRon Voss | Acquired via trade | Toby Quisenberry | Salt Lake City Night Hawks |
| 2006-12-22 20:42:00 | Phoenix Kangaroos | 1st round pick in season 15 | Acquired via trade | | Salt Lake City Night Hawks |
| 2006-12-22 20:42:00 | Phoenix Kangaroos | 1st round pick in season 17 | Acquired via trade | | Salt Lake City Night Hawks |
| 2006-12-22 20:40:00 | Phoenix Kangaroos | 1st round pick in season 15 | Acquired via trade | Ashley Wilder Jr. | Dallas Hounds |
| 2006-12-22 20:40:00 | Phoenix Kangaroos | 1st round pick in season 15 | Acquired via trade | | Dallas Hounds |
| 2006-11-16 17:00:00 | Louisville Colonels | Sal Vanover | Acquired via waivers | Lavon Sheridan | Waiver |
| 2006-11-15 06:39:34 | Atlanta Eels | Sherm Braun | Add/Drop | | |
| 2006-11-13 20:42:00 | San Diego Sabercats | | Drop | Lenny Ebel | |
| 2006-11-13 20:34:50 | San Diego Sabercats | | Drop | Dante Diamond | |
| 2006-11-13 06:12:04 | Louisville Colonels | | Drop | Sal Vanover | |
| 2006-11-10 18:56:14 | San Antonio Brothas | James Pointer | Add/Drop | Trent Troutman | |
| 2006-11-09 23:02:28 | Sacramento Rainbow Trout | Ray Bradford | Add/Drop | | |
| 2006-11-08 22:05:36 | Sacramento Rainbow Trout | Haywood Willinger | Add/Drop | | |
| 2006-11-05 05:12:20 | Atlanta Eels | Vince Isaac | Add/Drop | Dion Derr | |
| 2006-11-03 00:29:50 | Houston Octopods | Emilio Baker | Add/Drop | Sherm Braun | |
| 2006-11-03 00:15:46 | Houston Octopods | Eduardo Silliman | Add/Drop | Martin Ulmer | |
| 2006-11-01 18:16:24 | Salt Lake City Night Hawks | Quintin Crawford | Add/Drop | Wally Simmons | |