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| 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 | | |
| 2005-04-24 09:12:18 | St. Louis 5th Alarm | Rod Florence | Add/Drop | | |
| 2005-04-24 08:56:42 | South Dakota Blackhawks | Beau Pardue | Add/Drop | | |
| 2005-04-24 08:49:56 | Quebec Buzz | | Drop | Roger Dupay | |
| 2005-04-24 08:49:18 | Quebec Buzz | | Drop | Karim Pachetti | |
| 2005-04-24 08:39:14 | St. Louis 5th Alarm | | Drop | Victor Cundiff | |
| 2005-04-24 08:34:34 | Miami Macho Men | | Drop | Roger Luckett | |
| 2005-04-24 08:27:46 | Miami Macho Men | Hank Dicken | Add/Drop | Darnell Eskridge | |