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| 2005-12-26 23:25:42 | Louisville Colonels | | Drop | Marcel Beam | |
| 2005-12-26 20:23:44 | New Orleans Hurricanes | Tony Wilbert | Add/Drop | | |
| 2005-12-26 18:20:00 | San Francisco Golden Gators | 1st round pick in season 13 | Acquired via trade | Jeff Quiggins | Baltimore Miners |
| 2005-12-26 18:18:00 | Sacramento Rainbow Trout | Mack Hatton | Acquired via trade | 1st round pick in season 15 | Salt Lake City Night Hawks |
| 2005-12-26 18:18:00 | Sacramento Rainbow Trout | Raul Weston | Acquired via trade | | Salt Lake City Night Hawks |
| 2005-12-26 18:16:00 | Memphis Express | Geronimo Downey | Acquired via trade | Lennox Vogt | San Francisco Golden Gators |
| 2005-12-26 18:16:00 | Memphis Express | Moses Delph | Acquired via trade | 1st round pick in season 13 | San Francisco Golden Gators |
| 2005-12-26 18:16:00 | Memphis Express | Kyle Skinner | Acquired via trade | 2nd round pick in season 15 | San Francisco Golden Gators |
| 2005-12-26 14:11:04 | Louisville Colonels | Solomon Garvey | Add/Drop | Tim Patton | |
| 2005-12-26 13:54:24 | Louisville Colonels | Tim Bates | Add/Drop | Wade Napper | |
| 2005-12-26 13:53:30 | Louisville Colonels | | Drop | Alton Hilton | |
| 2005-12-26 06:03:32 | St. Louis 5th Alarm | Lenny Tarter | Add/Drop | | |
| 2005-12-26 05:52:42 | St. Louis 5th Alarm | Jason Bourne | Add/Drop | | |
| 2005-12-26 05:45:26 | St. Louis 5th Alarm | Castor Troy | Add/Drop | | |
| 2005-12-26 04:27:10 | New Orleans Hurricanes | Jimmy Pham | Add/Drop | | |
| 2005-12-26 04:26:40 | New Orleans Hurricanes | LeeRoy Delaney | Add/Drop | | |
| 2005-12-26 04:24:36 | New Orleans Hurricanes | Joseph Ising | Add/Drop | | |
| 2005-12-26 01:22:02 | Baltimore Miners | | Drop | Jarred Compton | |
| 2005-12-26 01:17:22 | Baltimore Miners | | Drop | Herman Clemons | |
| 2005-12-25 21:17:04 | Seattle Cougars | | Drop | Kerry A. Edwards | |
| 2005-12-25 20:59:38 | Seattle Cougars | | Drop | Mitchell Schuler | |
| 2005-12-25 14:51:58 | Las Vegas Dark Knights | | Drop | Jacquan Larson | |
| 2005-12-25 13:37:20 | Las Vegas Dark Knights | | Drop | Donnell Rich | |
| 2005-12-25 11:41:50 | Portland Hipsters | | Drop | Peter Cooke | |
| 2005-12-25 11:41:32 | Portland Hipsters | | Drop | Wes McGill | |