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| 2005-02-14 22:00:00 | Sacramento Rainbow Trout | 1st round pick in season 11 | Acquired via trade | Pervis Santos | Seattle Cougars |
| 2005-02-14 22:00:00 | Sacramento Rainbow Trout | 2nd round pick in season 12 | Acquired via trade | Mario Hutcherson | Seattle Cougars |
| 2005-02-14 22:00:00 | Sacramento Rainbow Trout | Lamont Hayden | Acquired via trade | | Seattle Cougars |
| 2005-02-14 22:00:00 | Sacramento Rainbow Trout | 1st round pick in season 11 | Acquired via trade | | Seattle Cougars |
| 2005-02-14 22:00:00 | Sacramento Rainbow Trout | Brett Scherer | Acquired via trade | | Seattle Cougars |
| 2005-02-14 22:00:00 | Sacramento Rainbow Trout | Torrence Brewster | Acquired via trade | | Seattle Cougars |
| 2005-02-14 15:58:32 | Vancouver Mounties | Gerard Carrico | Add/Drop | | |
| 2005-02-14 15:31:46 | Seattle Cougars | | Drop | Peter Wernimont | |
| 2005-02-14 15:29:30 | Vancouver Mounties | Paul Pirtle | Add/Drop | Roger Dupay | |
| 2005-02-13 19:35:46 | Ottawa Mt. Hawks | Chad Boone | Add/Drop | Rich McCubbins | |
| 2005-02-13 16:52:52 | South Dakota Blackhawks | Tariq Dougherty | Add/Drop | Elgin Neal | |
| 2005-02-13 03:55:22 | Mexico City Aztecs | Colt Koch | Add/Drop | Jared Vowels | |
| 2005-02-13 00:39:24 | Hartford Hebrew Hammers | Gabriel Fishman | Add/Drop | Darrick Meek | |
| 2005-02-12 18:25:26 | Ottawa Mt. Hawks | Timmy Jacobs | Add/Drop | | |
| 2005-02-12 15:02:14 | Mexico City Aztecs | | Drop | Trent Dattilo | |
| 2005-02-12 15:01:16 | Mexico City Aztecs | | Drop | Ollie Lyvers | |
| 2005-02-12 01:35:36 | Toronto Huskies | Sharone Hartman | Add/Drop | | |
| 2005-02-11 22:20:00 | Denver Ferris Wheels | Jimmy Cisee | Acquired via trade | Al Culver | Orlando Bombers |
| 2005-02-11 22:20:00 | Denver Ferris Wheels | Parker Price | Acquired via trade | 1st round pick in season 11 | Orlando Bombers |
| 2005-02-11 22:20:00 | Denver Ferris Wheels | 1st round pick in season 10 | Acquired via trade | | Orlando Bombers |
| 2005-02-11 22:10:00 | Salt Lake City Night Hawks | 1st round pick in season 10 | Acquired via trade | Neil Ulmer | Denver Ferris Wheels |
| 2005-02-11 17:08:14 | Birmingham Venom | Amos Simpson | Add/Drop | | |
| 2005-02-10 22:30:00 | Indianapolis Tornadoes | Rod Donoho | Acquired via waivers | Bradley Pearson | Waiver |
| 2005-02-08 17:43:40 | Caracas Crocodiles | Garth Flake | Add/Drop | Miguel Pendleton | |
| 2005-02-07 23:00:00 | St. Louis 5th Alarm | George Oates | Acquired via waivers | Dan Childs | Waiver |