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| 2003-08-30 16:20:00 | Milwaukee Sundancers | Russell Cosby | Acquired via trade | 2nd round pick in season 06 | San Antonio Brothas |
| 2003-08-30 16:00:00 | Sacramento Rainbow Trout | Harold Tucker | Acquired via trade | Curtis Winebrenner | Seattle Cougars |
| 2003-08-30 06:11:00 | Norfolk Wolves | | Drop | Von Blevins | |
| 2003-08-30 06:02:20 | Dallas Hounds | Mario Goebel | Add/Drop | | |
| 2003-08-30 02:34:18 | Green Bay Miners | Anthony Fenton | Add/Drop | Greg Warfield | |
| 2003-08-29 22:36:18 | Buenos Aires Eagles | Evan Poe | Add/Drop | | |
| 2003-08-29 22:33:06 | Sacramento Rainbow Trout | | Drop | Jimmy Garcia | |
| 2003-08-29 17:43:34 | Clarksville River Bandits | | Drop | Ben Kahl | |
| 2003-08-29 16:44:12 | Tampa Runner-ups | | Drop | Rick Cheatham | |
| 2003-08-29 12:14:00 | Winnipeg Warriors | Tyron Herron | Add/Drop | | |
| 2003-08-29 06:31:24 | Boston Bannerman | | Drop | Conrad Volz | |
| 2003-08-29 04:45:00 | Orlando Bombers | | Drop | Lee Oates | |
| 2003-08-29 04:16:38 | San Diego Sabercats | | Drop | Ray Mills | |
| 2003-08-28 19:39:40 | Los Angeles Cacti | | Drop | Ron Cohen | |
| 2003-08-28 18:59:32 | Birmingham Venom | | Drop | Ty Rollins | |
| 2003-08-28 17:47:06 | Vancouver Mounties | | Drop | Rick Simon | |
| 2003-08-28 15:40:50 | Atlanta Eels | | Drop | Charles Greenwell | |
| 2003-08-28 08:00:00 | Los Angeles Cacti | Ron Cohen | Acquired via trade | Geoffrey Craig | Phoenix Kangaroos |
| 2003-08-27 17:13:30 | Clarksville River Bandits | | Drop | Jerome Meadows | |
| 2003-08-27 10:06:10 | Los Angeles Cacti | | Drop | Buster Brumley | |
| 2003-08-26 23:59:44 | Baltimore Miners | Sam Schutz | Add/Drop | Chris Phelps | |
| 2003-08-26 22:59:34 | Buenos Aires Eagles | Daniel Rausch | Add/Drop | | |
| 2003-08-26 18:54:34 | Clarksville River Bandits | | Drop | Alton Peak | |
| 2003-08-26 08:00:00 | Sacramento Rainbow Trout | 2nd round pick in season 06 | Acquired via trade | 1st round pick in season 06 | Salt Lake City Night Hawks |
| 2003-08-26 08:00:00 | Sacramento Rainbow Trout | Ryan Dauenhauer | Acquired via trade | | Salt Lake City Night Hawks |