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| 2005-04-25 01:03:42 | Indianapolis Tornadoes | | Drop | Dejuan Goins | |
| 2005-04-25 01:03:10 | Indianapolis Tornadoes | | Drop | Richard Kraft | |
| 2005-04-25 01:02:32 | Indianapolis Tornadoes | | Drop | James Bentley | |
| 2005-04-25 01:02:10 | Indianapolis Tornadoes | | Drop | Rod Donoho | |
| 2005-04-24 22:17:04 | Vancouver Mounties | | Drop | Clem Owsley | |
| 2005-04-24 17:32:00 | Cincinnati Skyliners | Cory Perdue | Acquired via trade | Dru Divine | Miami Macho Men |
| 2005-04-24 17:32:00 | Cincinnati Skyliners | Maurice Dailey | Acquired via trade | | Miami Macho Men |
| 2005-04-24 17:30:00 | Milwaukee Sundancers | Greg Steinmetz | Acquired via trade | Franklin Keeling | Philadelphia Assassins |
| 2005-04-24 17:30:00 | Milwaukee Sundancers | Kordell Kern | Acquired via trade | Isiah Trevino | Philadelphia Assassins |
| 2005-04-24 17:30:00 | Milwaukee Sundancers | Jim Farmer | Acquired via trade | Vince Latham | Philadelphia Assassins |
| 2005-04-24 17:30:00 | Milwaukee Sundancers | J.T. Goodin | Acquired via trade | | Philadelphia Assassins |
| 2005-04-24 17:28:00 | Salt Lake City Night Hawks | 1st round pick in season 11 | Acquired via trade | Manuel Kearns | Seattle Cougars |
| 2005-04-24 17:28:00 | Salt Lake City Night Hawks | 2nd round pick in season 12 | Acquired via trade | | Seattle Cougars |
| 2005-04-24 17:28:00 | Salt Lake City Night Hawks | Chase Salmon | Acquired via trade | | Seattle Cougars |
| 2005-04-24 17:26:00 | Boston Bannerman | Garris Kaylor | Acquired via trade | 3rd round pick in season 11 | Los Angeles Cacti |
| 2005-04-24 17:26:00 | Boston Bannerman | Marques Radford | Acquired via trade | | Los Angeles Cacti |
| 2005-04-24 17:24:00 | Boston Bannerman | Derek Frost | Acquired via trade | Darnell Oakes | Seattle Cougars |
| 2005-04-24 17:24:00 | Boston Bannerman | Tracy Jaggers | Acquired via trade | | Seattle Cougars |
| 2005-04-24 17:22:00 | Los Angeles Cacti | Lee Booth | Acquired via trade | Cherokee Prewitt | Seattle Cougars |
| 2005-04-24 17:22:00 | Los Angeles Cacti | Samuel Hess | Acquired via trade | | Seattle Cougars |
| 2005-04-24 17:20:00 | Salt Lake City Night Hawks | 1st round pick in season 11 | Acquired via trade | Ervin Eastman | Boston Bannerman |
| 2005-04-24 17:20:00 | Salt Lake City Night Hawks | 1st round pick in season 12 | Acquired via trade | | Boston Bannerman |
| 2005-04-24 15:58:48 | Calgary Cougars | Isiah Whelan | Add/Drop | | |
| 2005-04-24 09:34:26 | Charlotte Rangers | Eduardo Silliman | Add/Drop | | |
| 2005-04-24 09:16:02 | South Dakota Blackhawks | Dakota Collins | Add/Drop | | |