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| 2005-12-18 19:52:00 | Seattle Cougars | 2nd round pick in season 12 | Acquired via trade | | Phoenix Kangaroos |
| 2005-12-18 19:52:00 | Seattle Cougars | 2nd round pick in season 12 | Acquired via trade | | Phoenix Kangaroos |
| 2005-12-18 19:50:00 | Kansas City Wildcats | Devin Proctor | Acquired via trade | 1st round pick in season 12 | Phoenix Kangaroos |
| 2005-12-18 18:50:00 | St. Louis 5th Alarm | Darryl Hurst | Acquired via trade | Jarvis Willman | Indianapolis Tornadoes |
| 2005-12-18 18:50:00 | St. Louis 5th Alarm | Giles Howe | Acquired via trade | | Indianapolis Tornadoes |
| 2005-12-18 18:50:00 | St. Louis 5th Alarm | 1st round pick in season 12 | Acquired via trade | | Indianapolis Tornadoes |
| 2005-12-18 18:48:00 | Philadelphia Assassins | 1st round pick in season 12 | Acquired via trade | Elliott Maupin | Milwaukee Sundancers |
| 2005-12-18 18:46:00 | Los Angeles Cacti | 1st round pick in season 12 | Acquired via trade | Tariq Montgomery | Portland Hipsters |
| 2005-12-18 16:02:00 | Phoenix Kangaroos | 1st round pick in season 12 | Acquired via trade | 1st round pick in season 12 | San Francisco Golden Gators |
| 2005-12-18 16:02:00 | Phoenix Kangaroos | 1st round pick in season 12 | Acquired via trade | 1st round pick in season 12 | San Francisco Golden Gators |
| 2005-12-18 16:00:00 | San Francisco Golden Gators | 1st round pick in season 14 | Acquired via trade | Gus Burgess | Sacramento Rainbow Trout |
| 2005-12-18 16:00:00 | San Francisco Golden Gators | 1st round pick in season 14 | Acquired via trade | 3rd round pick in season 13 | Sacramento Rainbow Trout |
| 2005-12-18 16:00:00 | San Francisco Golden Gators | 2nd round pick in season 14 | Acquired via trade | | Sacramento Rainbow Trout |
| 2005-12-18 12:45:00 | Las Vegas Dark Knights | Donnell Rich | Add/Drop | | |
| 2005-12-18 09:41:10 | Sacramento Rainbow Trout | | Drop | Claus Buckner | |
| 2005-12-18 09:26:18 | Indianapolis Tornadoes | | Drop | Sherm Poole | |
| 2005-12-18 08:07:10 | Miami Macho Men | | Drop | Edison Black | |
| 2005-12-18 08:01:08 | Miami Macho Men | | Drop | Homer Hopkins | |
| 2005-12-18 08:00:26 | Miami Macho Men | | Drop | Homer Hopkins | |
| 2005-12-18 07:51:56 | Miami Macho Men | | Drop | Shantae Jansen | |
| 2005-12-18 06:42:34 | Louisville Colonels | | Drop | Lamont Hayden | |
| 2005-12-18 06:23:56 | Phoenix Kangaroos | | Drop | Damian Webb | |
| 2005-11-17 23:17:00 | Minneapolis Bricklayers | | Drop | Robert Calloway | |
| 2005-11-14 05:10:38 | Minneapolis Bricklayers | Morty Tackett | Add/Drop | | |
| 2005-11-13 04:34:40 | Salt Lake City Night Hawks | Josh Slayton | Add/Drop | | |