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| 2003-11-01 07:43:38 | Calgary Cougars | | Drop | Corby Cotrell | |
| 2003-10-31 15:19:46 | Charlotte Rangers | Vic Roth | Add/Drop | Steve Nix | |
| 2003-10-29 16:35:02 | Birmingham Venom | Jared Ogden | Add/Drop | | |
| 2003-10-29 12:09:36 | Winnipeg Warriors | | Drop | Ricky Money | |
| 2003-10-28 17:05:22 | San Antonio Brothas | Lonnie Grider | Add/Drop | | |
| 2003-10-28 16:40:00 | Salt Lake City Night Hawks | 3rd round pick in season 06 | Acquired via trade | Ross Ellington | Philadelphia Assassins |
| 2003-10-28 16:40:00 | Atlanta Eels | Jordan Stearns | Acquired via trade | John Thorne | Salt Lake City Night Hawks |
| 2003-10-28 16:40:00 | Atlanta Eels | Morty Tackett | Acquired via trade | | Philadelphia Assassins |
| 2003-10-28 16:40:00 | Atlanta Eels | 2nd round pick in season 06 | Acquired via trade | | Philadelphia Assassins |
| 2003-10-28 16:40:00 | Salt Lake City Night Hawks | James Roman | Acquired via trade | | Atlanta Eels |
| 2003-10-28 16:30:00 | Philadelphia Assassins | Vincent Barber | Acquired via trade | | Las Vegas Dark Knights |
| 2003-10-28 16:30:00 | Milwaukee Sundancers | Jackson Tabor | Acquired via trade | Lee Washburn | Boston Bannerman |
| 2003-10-28 16:30:00 | Milwaukee Sundancers | Oliver Veal | Acquired via trade | | Boston Bannerman |
| 2003-10-28 16:30:00 | Boston Bannerman | Kadeem Riordan | Acquired via trade | | Philadelphia Assassins |
| 2003-10-28 16:30:00 | Boston Bannerman | 1st round pick in season 06 | Acquired via trade | | Philadelphia Assassins |
| 2003-10-28 16:30:00 | Las Vegas Dark Knights | Amos Oswald | Acquired via trade | | Boston Bannerman |
| 2003-10-28 16:30:00 | Philadelphia Assassins | 1st round pick in season 06 | Acquired via trade | | Milwaukee Sundancers |
| 2003-10-28 16:20:00 | Sacramento Rainbow Trout | Anton Webb | Acquired via trade | Claus Buckner | Salt Lake City Night Hawks |
| 2003-10-28 16:10:00 | Philadelphia Assassins | Nathaniel Keane | Acquired via trade | Dave Eustice | Atlanta Eels |
| 2003-10-28 16:00:00 | Portland Hipsters | Anton Merritt | Acquired via trade | Dean Thomas | Milwaukee Sundancers |
| 2003-10-28 16:00:00 | Portland Hipsters | Russell Cosby | Acquired via trade | Charles Striegel | Milwaukee Sundancers |
| 2003-10-28 15:05:50 | Calgary Cougars | | Drop | Sheldon Herndon | |
| 2003-10-28 08:50:32 | Sacramento Rainbow Trout | | Drop | Forrest Shields | |
| 2003-10-28 08:14:26 | Edmonton SilverShoes | | Drop | Roger Miller | |
| 2003-10-28 02:46:40 | Tampa Runner-ups | Rick Cheatham | Add/Drop | | |