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| 2005-12-23 16:10:00 | Salt Lake City Night Hawks | Anton Webb | Acquired via trade | 1st round pick in season 12 | Los Angeles Cacti |
| 2005-12-23 16:10:00 | Salt Lake City Night Hawks | 1st round pick in season 12 | Acquired via trade | | Los Angeles Cacti |
| 2005-12-23 16:10:00 | Salt Lake City Night Hawks | Jodie Twyman | Acquired via trade | 1st round pick in season 12 | Los Angeles Cacti |
| 2005-12-23 16:10:00 | Salt Lake City Night Hawks | 1st round pick in season 14 | Acquired via trade | | Los Angeles Cacti |
| 2005-12-23 16:08:00 | Boston Bannerman | Isaiah Madden | Acquired via trade | 1st round pick in season 14 | Salt Lake City Night Hawks |
| 2005-12-23 16:08:00 | Boston Bannerman | Tracy Lindsey | Acquired via trade | | Salt Lake City Night Hawks |
| 2005-12-23 16:08:00 | Boston Bannerman | Bert Goodrich | Acquired via trade | | Salt Lake City Night Hawks |
| 2005-12-23 16:06:00 | Las Vegas Dark Knights | Dennis Irvin | Acquired via trade | Russell Olson | Philadelphia Assassins |
| 2005-12-23 16:06:00 | Las Vegas Dark Knights | 1st round pick in season 12 | Acquired via trade | | Philadelphia Assassins |
| 2005-12-23 16:06:00 | Las Vegas Dark Knights | 1st round pick in season 12 | Acquired via trade | | Philadelphia Assassins |
| 2005-12-23 16:04:00 | Kansas City Wildcats | Blaine Fry | Acquired via trade | Jaime Hardin | Indianapolis Tornadoes |
| 2005-12-23 16:02:00 | Salt Lake City Night Hawks | 1st round pick in season 12 | Acquired via trade | Brenden Hoffman | Phoenix Kangaroos |
| 2005-12-23 16:02:00 | Salt Lake City Night Hawks | 1st round pick in season 12 | Acquired via trade | | Phoenix Kangaroos |
| 2005-12-23 16:00:00 | Indianapolis Tornadoes | 1st round pick in season 12 | Acquired via trade | Rahmier Harding | New Orleans Hurricanes |
| 2005-12-23 15:04:28 | St. Louis 5th Alarm | | Drop | Tyron Kearney | |
| 2005-12-23 15:03:14 | St. Louis 5th Alarm | | Drop | Antony Berka | |
| 2005-12-22 17:58:50 | Los Angeles Cacti | | Drop | Wes Denney | |
| 2005-12-22 17:56:16 | Los Angeles Cacti | | Drop | Lewis Richie | |
| 2005-12-21 12:54:22 | Cleveland Weasels | | Drop | Roger Kraft | |
| 2005-12-21 12:51:14 | Cleveland Weasels | | Drop | Jack Simms | |
| 2005-12-21 12:50:20 | Cleveland Weasels | | Drop | Leo Kemper | |
| 2005-12-21 12:34:44 | Cleveland Weasels | | Drop | Jontae Masters | |
| 2005-12-21 12:33:58 | Cleveland Weasels | | Drop | Jesus Stanton | |
| 2005-12-20 15:57:38 | Sacramento Rainbow Trout | | Drop | Brett Scherer | |
| 2005-12-19 22:31:58 | Baltimore Miners | | Drop | Dwight Tolbert | |