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| 2005-02-26 10:09:12 | Birmingham Venom | | Drop | Derek Mohanan | |
| 2005-02-26 10:02:22 | Birmingham Venom | | Drop | Brendan Wilcox | |
| 2005-02-26 07:23:10 | Calgary Cougars | Shaun Grider | Add/Drop | Jonathan Garcia | |
| 2005-02-25 21:32:52 | Buenos Aires Eagles | Jacquan Larson | Add/Drop | | |
| 2005-02-25 21:22:38 | Indianapolis Tornadoes | | Drop | Brent Oakes | |
| 2005-02-25 20:12:30 | San Juan Devils | Adam Maloney | Add/Drop | | |
| 2005-02-25 18:52:12 | South Dakota Blackhawks | Donnell Rich | Add/Drop | Scotty Powers | |
| 2005-02-25 06:22:04 | New Orleans Hurricanes | | Drop | Brock MacDonald | |
| 2005-02-25 04:34:00 | Quebec Buzz | Roger Dupay | Add/Drop | | |
| 2005-02-24 22:06:00 | Phoenix Kangaroos | 1st round pick in season 10 | Acquired via trade | Tyron Penick | New Orleans Hurricanes |
| 2005-02-24 22:04:00 | Milwaukee Sundancers | Jarred Vanderpool | Acquired via trade | Charles Mayer | Philadelphia Assassins |
| 2005-02-24 22:02:00 | Boston Bannerman | 1st round pick in season 11 | Acquired via trade | 2nd round pick in season 10 | Los Angeles Cacti |
| 2005-02-24 22:02:00 | Boston Bannerman | Jerald Conner | Acquired via trade | Devin Cornwell | Los Angeles Cacti |
| 2005-02-24 22:02:00 | Boston Bannerman | Lenny Ebel | Acquired via trade | | Los Angeles Cacti |
| 2005-02-24 22:00:00 | New York Warriors | Dave Eustice | Acquired via trade | Roland Silliman | Atlanta Eels |
| 2005-02-22 02:52:40 | Buenos Aires Eagles | Brien Cardwell | Add/Drop | | |
| 2005-02-22 02:40:48 | Indianapolis Tornadoes | | Drop | Erik Carr | |
| 2005-02-21 13:08:38 | Edmonton SilverShoes | Chase Napper | Add/Drop | | |
| 2005-02-21 12:03:08 | Clarksville River Bandits | Darrick Meek | Add/Drop | | |
| 2005-02-19 23:57:20 | Denver Ferris Wheels | | Drop | Chucky Hand | |
| 2005-02-19 22:00:00 | Seattle Cougars | 3rd round pick in season 12 | Acquired via trade | 3rd round pick in season 12 | New Orleans Hurricanes |
| 2005-02-19 17:55:22 | Miami Macho Men | | Drop | Neal Cecil | |
| 2005-02-19 11:32:52 | Memphis Express | | Drop | Anthony Steinmetz | |
| 2005-02-19 11:27:18 | Salt Lake City Night Hawks | Alec Pfeiffer | Add/Drop | | |
| 2005-02-19 00:07:26 | Mexico City Aztecs | Woody Metry | Add/Drop | | |