|
| 2005-01-02 22:06:00 | Las Vegas Dark Knights | 2nd round pick in season 10 | Acquired via trade | Elias Goodin | Los Angeles Cacti |
| 2005-01-02 22:06:00 | Las Vegas Dark Knights | Colby Dant | Acquired via trade | | Los Angeles Cacti |
| 2005-01-02 22:04:00 | Indianapolis Tornadoes | Jerald Barnett | Acquired via trade | 1st round pick in season 11 | Boston Bannerman |
| 2005-01-02 22:04:00 | Indianapolis Tornadoes | Cade Hyatt | Acquired via trade | | Boston Bannerman |
| 2005-01-02 22:02:00 | Chicago Hilltoppers | 2nd round pick in season 11 | Acquired via trade | Duane Larmee | Cleveland Weasels |
| 2005-01-02 22:00:00 | Salt Lake City Night Hawks | 1st round pick in season 10 | Acquired via trade | Robbie Joyce | Atlanta Eels |
| 2005-01-02 12:54:30 | Charlotte Rangers | | Drop | Tariq Dougherty | |
| 2005-01-02 04:58:38 | Portland Hipsters | | Drop | Wilt Lincoln | |
| 2005-01-02 04:47:54 | Nashville Night Owls | | Drop | Alton Hilton | |
| 2005-01-02 04:43:40 | Portland Hipsters | | Drop | Burt Dohn | |
| 2005-01-02 04:36:56 | Miami Macho Men | | Drop | Caleb Ostby | |
| 2005-01-02 04:34:30 | Portland Hipsters | | Drop | Kirk Trevino | |
| 2005-01-02 00:13:46 | San Juan Devils | Fernando Durst | Add/Drop | | |
| 2005-01-01 10:50:48 | Jacksonville Speed | | Drop | Dustin Haggard | |
| 2005-01-01 01:38:58 | Atlanta Eels | | Drop | Dustin Raisor | |
| 2005-01-01 01:34:58 | Atlanta Eels | | Drop | Todd Gossman | |
| 2005-01-01 00:44:56 | Atlanta Eels | | Drop | Adam Reitz | |
| 2004-12-31 22:04:00 | Sacramento Rainbow Trout | Benjamin Washburn | Acquired via trade | Eddie Pickett | Indianapolis Tornadoes |
| 2004-12-31 22:02:00 | Houston Octopods | Cam Willis | Acquired via trade | 1st round pick in season 10 | Boston Bannerman |
| 2004-12-31 22:02:00 | Houston Octopods | Nick Lane | Acquired via trade | | Boston Bannerman |
| 2004-12-31 22:00:00 | Cleveland Weasels | Jeff Wenzel | Acquired via trade | 1st round pick in season 11 | Salt Lake City Night Hawks |
| 2004-12-31 22:00:00 | Cleveland Weasels | Eaton Jackman | Acquired via trade | | Salt Lake City Night Hawks |
| 2004-12-31 20:07:34 | Winnipeg Warriors | Tex Rowland | Add/Drop | | |
| 2004-12-31 16:32:22 | Cleveland Weasels | Scott Steiner | Add/Drop | Ricky Fletcher | |
| 2004-12-31 14:14:52 | Green Bay Miners | | Drop | Cal Sinclair | |