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| 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 | |
| 2005-12-19 22:29:48 | Baltimore Miners | | Drop | Joe Miller | |
| 2005-12-19 19:08:08 | Seattle Cougars | | Drop | Wilt Sizemore | |
| 2005-12-19 19:02:44 | Seattle Cougars | | Drop | James Bentley | |
| 2005-12-19 10:49:16 | New Orleans Hurricanes | | Drop | Bryon Glidewell | |
| 2005-12-19 01:50:26 | Louisville Colonels | Alton Hilton | Add/Drop | Brendan Schmidt | |
| 2005-12-19 01:46:36 | Louisville Colonels | Brendan Schmidt | Add/Drop | Terrell Lyle | |
| 2005-12-18 20:14:00 | Miami Macho Men | Rayshard Edens | Acquired via trade | Ricky Downes | Kansas City Wildcats |
| 2005-12-18 20:10:00 | New Orleans Hurricanes | 1st round pick in season 12 | Acquired via trade | Dante Highley | Sacramento Rainbow Trout |
| 2005-12-18 20:10:00 | New Orleans Hurricanes | 1st round pick in season 13 | Acquired via trade | 1st round pick in season 14 | Sacramento Rainbow Trout |
| 2005-12-18 20:10:00 | New Orleans Hurricanes | Wally Lacefield | Acquired via trade | | Sacramento Rainbow Trout |