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| 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 | |
| 2005-12-30 14:02:24 | St. Louis 5th Alarm | | Drop | Tracy Kiper | |
| 2005-12-30 13:58:04 | St. Louis 5th Alarm | | Drop | Jason Bourne | |
| 2005-12-30 13:54:30 | St. Louis 5th Alarm | | Drop | Chad Boone | |
| 2005-12-30 13:54:26 | Los Angeles Cacti | Mitchell Schuler | Add/Drop | | |
| 2005-12-30 13:22:28 | Minneapolis Bricklayers | | Drop | Daunte Hicks | |
| 2005-12-30 08:23:14 | New York Warriors | | Drop | Todd Keenan | |
| 2005-12-30 06:32:02 | Miami Macho Men | | Drop | Dan Just | |
| 2005-12-30 06:16:32 | Houston Octopods | | Drop | Steven Witten | |
| 2005-12-30 05:33:08 | Miami Macho Men | | Drop | Mookie Jewell | |
| 2005-12-30 05:29:36 | Miami Macho Men | | Drop | Rayshard Edens | |
| 2005-12-30 04:33:14 | Denver Ferris Wheels | | Drop | Vincent Speed | |