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| 2004-04-22 04:06:12 | San Juan Devils | | Drop | Chauncey Joseph | |
| 2004-04-22 04:04:40 | San Juan Devils | | Drop | Chuckie Alexander | |
| 2004-04-22 02:43:00 | Houston Octopods | Robert Zaring | Add/Drop | | |
| 2004-04-22 02:36:42 | Houston Octopods | LeRoy Suell | Add/Drop | | |
| 2004-04-22 02:36:32 | Los Angeles Cacti | | Drop | Alexander Dotson | |
| 2004-04-22 02:35:08 | Los Angeles Cacti | | Drop | Rod Rush | |
| 2004-04-22 02:28:12 | Minneapolis Bricklayers | | Drop | Jerome English | |
| 2004-04-22 01:41:40 | Hartford Hebrew Hammers | | Drop | Denzel Johns | |
| 2004-04-22 01:39:50 | Hartford Hebrew Hammers | | Drop | Andrew Meadows | |
| 2004-04-22 01:39:16 | Hartford Hebrew Hammers | | Drop | Jacquan Larson | |
| 2004-04-21 22:04:00 | Los Angeles Cacti | Ralph Weldon | Acquired via trade | Wally Simmons | Seattle Cougars |
| 2004-04-21 22:04:00 | Los Angeles Cacti | Jon Rehm | Acquired via trade | 1st round pick in season 07 | Seattle Cougars |
| 2004-04-21 22:04:00 | Los Angeles Cacti | 1st round pick in season 07 | Acquired via trade | | Seattle Cougars |
| 2004-04-21 22:04:00 | Los Angeles Cacti | 2nd round pick in season 09 | Acquired via trade | | Seattle Cougars |
| 2004-04-21 22:02:00 | Seattle Cougars | 2nd round pick in season 07 | Acquired via trade | Ty Goben | San Francisco Golden Gators |
| 2004-04-21 22:02:00 | Seattle Cougars | 3rd round pick in season 07 | Acquired via trade | | San Francisco Golden Gators |
| 2004-04-21 22:00:00 | New York Warriors | Arnie Warren | Acquired via trade | Wayne Fischer | Seattle Cougars |
| 2004-04-21 22:00:00 | New York Warriors | Thomas Mader | Acquired via trade | Jessie Worth | Seattle Cougars |
| 2004-04-21 22:00:00 | New York Warriors | 1st round pick in season 07 | Acquired via trade | 1st round pick in season 07 | Seattle Cougars |
| 2004-04-21 22:00:00 | New York Warriors | 2nd round pick in season 07 | Acquired via trade | | Seattle Cougars |
| 2004-04-21 18:32:38 | Green Bay Miners | | Drop | Dave Nunn | |
| 2004-04-21 18:02:58 | Baltimore Miners | Kenny Pratt | Add/Drop | Carlton Baumgardner | |
| 2004-04-21 17:51:56 | Baltimore Miners | Steve Nix | Add/Drop | William Marshall | |
| 2004-04-21 16:32:54 | Philadelphia Assassins | Scott Cundiff | Add/Drop | | |
| 2004-04-21 11:05:22 | Hartford Hebrew Hammers | Horton Hammer | Add/Drop | | |