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| 2004-08-22 04:00:00 | Los Angeles Cacti | 2nd round pick in season 08 | Acquired via trade | 1st round pick in season 09 | San Diego Sabercats |
| 2004-08-22 04:00:00 | Los Angeles Cacti | 2nd round pick in season 08 | Acquired via trade | | San Diego Sabercats |
| 2004-08-22 04:00:00 | Los Angeles Cacti | 3rd round pick in season 08 | Acquired via trade | | San Diego Sabercats |
| 2004-08-22 04:00:00 | Los Angeles Cacti | Hank Dicken | Acquired via trade | | San Diego Sabercats |
| 2004-08-22 03:56:32 | Mexico City Aztecs | | Drop | Nikolas Reagan | |
| 2004-08-21 15:00:00 | Miami Macho Men | 1st round pick in season 08 | Acquired via trade | 1st round pick in season 08 | Salt Lake City Night Hawks |
| 2004-08-21 15:00:00 | Miami Macho Men | 2nd round pick in season 08 | Acquired via trade | | Salt Lake City Night Hawks |
| 2004-08-21 15:00:00 | Miami Macho Men | 3rd round pick in season 08 | Acquired via trade | | Salt Lake City Night Hawks |
| 2004-08-21 15:00:00 | Miami Macho Men | 3rd round pick in season 08 | Acquired via trade | | Salt Lake City Night Hawks |
| 2004-08-21 15:00:00 | Miami Macho Men | Claus Buckner | Acquired via trade | | Salt Lake City Night Hawks |
| 2004-08-21 14:50:00 | San Antonio Brothas | Todd Gossman | Acquired via trade | 2nd round pick in season 08 | Milwaukee Sundancers |
| 2004-08-21 14:40:00 | Salt Lake City Night Hawks | 1st round pick in season 08 | Acquired via trade | Nelson Eddington | St. Louis 5th Alarm |
| 2004-08-21 14:40:00 | Salt Lake City Night Hawks | 2nd round pick in season 08 | Acquired via trade | Burt Melton | St. Louis 5th Alarm |
| 2004-08-21 14:40:00 | Salt Lake City Night Hawks | 3rd round pick in season 08 | Acquired via trade | Kareem Summitt | St. Louis 5th Alarm |
| 2004-08-21 14:30:00 | Philadelphia Assassins | 1st round pick in season 08 | Acquired via trade | Ron Sampson | Atlanta Eels |
| 2004-08-21 14:20:00 | Las Vegas Dark Knights | 1st round pick in season 08 | Acquired via trade | Sebastian Perez | Cincinnati Skyliners |
| 2004-08-21 14:20:00 | Las Vegas Dark Knights | Hakeem Ernspiker | Acquired via trade | Geoffrey Craig | Cincinnati Skyliners |
| 2004-08-21 14:10:00 | New York Warriors | Konrad Bradley | Acquired via trade | Alton Good | Salt Lake City Night Hawks |
| 2004-08-21 14:10:00 | New York Warriors | 2nd round pick in season 08 | Acquired via trade | | Salt Lake City Night Hawks |
| 2004-08-21 14:00:00 | Salt Lake City Night Hawks | Vince Isaac | Acquired via trade | 1st round pick in season 08 | Las Vegas Dark Knights |
| 2004-08-21 14:00:00 | Salt Lake City Night Hawks | Larry Welch | Acquired via trade | 1st round pick in season 08 | Las Vegas Dark Knights |
| 2004-08-21 14:00:00 | Salt Lake City Night Hawks | 1st round pick in season 08 | Acquired via trade | | Las Vegas Dark Knights |
| 2004-07-16 08:42:26 | New York Warriors | | Drop | Darren Sullivan | |
| 2004-07-15 09:41:26 | Edmonton SilverShoes | | Drop | LeRoy Worthington | |
| 2004-07-15 09:40:42 | Edmonton SilverShoes | | Drop | Huxley Roman | |