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| 2006-08-21 07:00:00 | Louisville Colonels | Geronimo Downey | Acquired via trade | Keith Patrick | Memphis Express |
| 2006-08-20 18:22:00 | San Francisco Golden Gators | Dallas Marsh | Acquired via trade | Antonio Melton | Louisville Colonels |
| 2006-08-20 18:22:00 | San Francisco Golden Gators | 1st round pick in season 16 | Acquired via trade | Tommy Behrens | Louisville Colonels |
| 2006-08-20 18:22:00 | San Francisco Golden Gators | 2nd round pick in season 16 | Acquired via trade | | Louisville Colonels |
| 2006-08-20 18:22:00 | San Francisco Golden Gators | 2nd round pick in season 14 | Acquired via trade | | Louisville Colonels |
| 2006-08-20 18:22:00 | San Francisco Golden Gators | 3rd round pick in season 16 | Acquired via trade | | Louisville Colonels |
| 2006-08-19 12:24:00 | Louisville Colonels | Mario Hutcherson | Acquired via trade | Sherm Braun | Sacramento Rainbow Trout |
| 2006-08-19 12:24:00 | Louisville Colonels | 1st round pick in season 14 | Acquired via trade | | Sacramento Rainbow Trout |
| 2006-08-19 12:22:00 | San Antonio Brothas | Spencer Downey | Acquired via trade | 1st round pick in season 16 | Philadelphia Assassins |
| 2006-08-19 12:22:00 | San Antonio Brothas | Irving Currie | Acquired via trade | Leo Richard | Philadelphia Assassins |
| 2006-08-19 12:22:00 | San Antonio Brothas | Nicolas Olsen | Acquired via trade | Cade Chambers | Philadelphia Assassins |
| 2006-08-19 12:20:00 | Atlanta Eels | Tracey Cannon | Acquired via trade | 1st round pick in season 14 | Phoenix Kangaroos |
| 2006-08-19 12:20:00 | Atlanta Eels | Alexander Black | Acquired via trade | | Phoenix Kangaroos |
| 2006-08-18 16:26:00 | Charlotte Rangers | 1st round pick in season 14 | Acquired via trade | 1st round pick in season 14 | Los Angeles Cacti |
| 2006-08-18 16:26:00 | Charlotte Rangers | 1st round pick in season 14 | Acquired via trade | | Los Angeles Cacti |
| 2006-08-18 16:26:00 | Charlotte Rangers | 1st round pick in season 15 | Acquired via trade | | Los Angeles Cacti |
| 2006-08-18 16:26:00 | Charlotte Rangers | Nate Westerfield | Acquired via trade | | Los Angeles Cacti |
| 2006-08-18 16:24:00 | Boston Bannerman | Maxwell Tharp | Acquired via trade | 1st round pick in season 14 | Los Angeles Cacti |
| 2006-08-18 16:24:00 | Boston Bannerman | Elliott Guerra | Acquired via trade | 1st round pick in season 15 | Los Angeles Cacti |
| 2006-08-18 16:24:00 | Boston Bannerman | Charles Conner | Acquired via trade | | Los Angeles Cacti |
| 2006-08-18 16:22:00 | Phoenix Kangaroos | 1st round pick in season 14 | Acquired via trade | Curtis Deal | Philadelphia Assassins |
| 2006-08-18 16:22:00 | Phoenix Kangaroos | Alexander Black | Acquired via trade | Casey Gall | Philadelphia Assassins |
| 2006-08-18 16:22:00 | Phoenix Kangaroos | 1st round pick in season 16 | Acquired via trade | | Philadelphia Assassins |
| 2006-08-18 16:20:00 | Phoenix Kangaroos | LeRon Voss | Acquired via trade | 1st round pick in season 16 | Las Vegas Dark Knights |
| 2006-08-18 16:18:00 | Seattle Cougars | 1st round pick in season 15 | Acquired via trade | 1st round pick in season 14 | Los Angeles Cacti |