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| 2005-04-19 23:34:00 | Phoenix Kangaroos | 3rd round pick in season 10 | Acquired via trade | | Salt Lake City Night Hawks |
| 2005-04-19 23:32:00 | Orlando Bombers | Jamison Simon | Acquired via trade | Charles Conway | Indianapolis Tornadoes |
| 2005-04-19 23:32:00 | Orlando Bombers | 2nd round pick in season 11 | Acquired via trade | Denzel Hopkins | Indianapolis Tornadoes |
| 2005-04-19 23:30:00 | Indianapolis Tornadoes | Tony Lawrence | Acquired via trade | 1st round pick in season 10 | Seattle Cougars |
| 2005-04-19 23:30:00 | Indianapolis Tornadoes | Jessie Worth | Acquired via trade | Todd Tucker | Seattle Cougars |
| 2005-04-19 23:30:00 | Indianapolis Tornadoes | Ricky Stone | Acquired via trade | Raphael Zabel | Seattle Cougars |
| 2005-04-19 23:30:00 | Indianapolis Tornadoes | Rahmier Harding | Acquired via trade | Ron Jackman | Seattle Cougars |
| 2005-04-19 23:30:00 | Indianapolis Tornadoes | Tandre Canter | Acquired via trade | | Seattle Cougars |
| 2005-04-19 23:30:00 | Indianapolis Tornadoes | 3rd round pick in season 10 | Acquired via trade | | Seattle Cougars |
| 2005-04-19 23:30:00 | Indianapolis Tornadoes | Leon Dulaney | Acquired via trade | | Seattle Cougars |
| 2005-04-19 23:30:00 | Indianapolis Tornadoes | 3rd round pick in season 11 | Acquired via trade | | Seattle Cougars |
| 2005-03-16 00:01:50 | South Dakota Blackhawks | Dominic Ruhl | Add/Drop | Donnell Rich | |
| 2005-03-16 00:00:16 | South Dakota Blackhawks | Miguel Pendleton | Add/Drop | Tariq Dougherty | |
| 2005-03-14 11:59:12 | Caracas Crocodiles | | Drop | Keith Patrick | |
| 2005-03-12 19:47:22 | Sacramento Rainbow Trout | | Drop | Hank Dicken | |
| 2005-03-12 19:43:44 | Sacramento Rainbow Trout | | Drop | Linus Ingle | |
| 2005-03-08 01:04:46 | Clarksville River Bandits | Neal Cecil | Add/Drop | Jontae Masters | |
| 2005-03-08 01:00:28 | Clarksville River Bandits | Rod Florence | Add/Drop | | |
| 2005-03-06 01:40:26 | New York Warriors | Brian Garth | Add/Drop | Dave Eustice | |
| 2005-03-05 13:43:16 | Winnipeg Warriors | Jared Vowels | Add/Drop | | |
| 2005-03-03 17:50:48 | Milwaukee Sundancers | Kurt Daniel | Add/Drop | Hank Goldman | |
| 2005-03-03 17:40:20 | Winnipeg Warriors | Rich McCubbins | Add/Drop | Tex Rowland | |
| 2005-03-02 14:50:00 | Calgary Cougars | Paul Pirtle | Add/Drop | Blaine Pope | |
| 2005-02-27 08:08:22 | Toronto Huskies | | Drop | Parker Humphrey | |
| 2005-02-27 07:58:42 | Salt Lake City Night Hawks | Zack Garcia | Add/Drop | | |