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| 2005-12-30 20:32:24 | San Francisco Golden Gators | Owen Dahlem | Add/Drop | | |
| 2005-12-30 20:25:42 | San Francisco Golden Gators | Leo Kemper | Add/Drop | | |
| 2005-12-30 19:04:00 | Louisville Colonels | Tyron Witten | Acquired via waivers | | Waiver |
| 2005-12-30 19:02:00 | Cleveland Weasels | Antony Berka | Acquired via waivers | | Waiver |
| 2005-12-30 19:02:00 | Louisville Colonels | Hank Dicken | Acquired via waivers | | Waiver |
| 2005-12-30 19:02:00 | Boston Bannerman | Jarred Compton | Acquired via waivers | | Waiver |
| 2005-12-30 19:02:00 | San Francisco Golden Gators | Kerry A. Edwards | Acquired via waivers | | Waiver |
| 2005-12-30 19:00:00 | Louisville Colonels | Tyron Kearney | Acquired via waivers | | Waiver |
| 2005-12-30 18:32:36 | Minneapolis Bricklayers | Norm Owsley | Add/Drop | | |
| 2005-12-30 18:19:36 | Minneapolis Bricklayers | Johnnie Riggins | Add/Drop | | |
| 2005-12-30 18:19:06 | Sacramento Rainbow Trout | Lamont Hayden | Add/Drop | | |
| 2005-12-30 17:38:00 | Phoenix Kangaroos | J.J. Cole | Acquired via trade | Gregor Kim | Las Vegas Dark Knights |
| 2005-12-30 17:38:00 | Phoenix Kangaroos | 1st round pick in season 13 | Acquired via trade | | Las Vegas Dark Knights |
| 2005-12-30 17:36:00 | Philadelphia Assassins | 1st round pick in season 14 | Acquired via trade | Damon Covington | San Antonio Brothas |
| 2005-12-30 17:36:00 | Philadelphia Assassins | Alton Good | Acquired via trade | Woodrow James | San Antonio Brothas |
| 2005-12-30 17:34:00 | Miami Macho Men | Eduardo Silliman | Acquired via trade | 1st round pick in season 14 | San Francisco Golden Gators |
| 2005-12-30 17:34:00 | Miami Macho Men | T.J. Norwood | Acquired via trade | | San Francisco Golden Gators |
| 2005-12-30 17:32:38 | St. Louis 5th Alarm | | Drop | Bob Trumpy | |
| 2005-12-30 17:32:00 | Dallas Hounds | 1st round pick in season 13 | Acquired via trade | 3rd round pick in season 13 | Louisville Colonels |
| 2005-12-30 17:32:00 | Dallas Hounds | Leo Heath | Acquired via trade | | Louisville Colonels |
| 2005-12-30 17:30:00 | Louisville Colonels | Bill Sewell | Acquired via trade | Fairleigh Rehm | Dallas Hounds |
| 2005-12-30 17:30:00 | Louisville Colonels | Gary Plummer | Acquired via trade | Anton Lukas | Dallas Hounds |
| 2005-12-30 17:30:00 | Louisville Colonels | Curtis Knight | Acquired via trade | Dante Diersing | Dallas Hounds |
| 2005-12-30 17:11:54 | St. Louis 5th Alarm | Bob Trumpy | Add/Drop | | |
| 2005-12-30 14:13:28 | San Francisco Golden Gators | | Drop | Cirius Alexander | |