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| 2003-02-22 01:00:00 | Salt Lake City Night Hawks | Richard Hollingsworth | Acquired via trade | Jason Brown | Cleveland Weasels |
| 2003-02-22 01:00:00 | Salt Lake City Night Hawks | 2nd round pick in season 04 | Acquired via trade | | Cleveland Weasels |
| 2003-02-21 16:48:00 | Santiago Sharks | Anthony Wooden | Add/Drop | | |
| 2003-02-21 14:03:30 | Cleveland Weasels | Richard Hollingsworth | Add/Drop | Randall Diemer | |
| 2003-02-21 11:10:30 | Sao Paulo Jackalopes | | Drop | Brandon Clinton | |
| 2003-02-21 02:34:08 | Philadelphia Assassins | Barry Fortner | Add/Drop | | |
| 2003-02-21 02:13:36 | Salt Lake City Night Hawks | Brandon Hoffman | Add/Drop | Percy Sammons | |
| 2003-02-21 00:50:00 | Sacramento Rainbow Trout | Eddie Case | Acquired via trade | Ross Curran | Cincinnati Skyliners |
| 2003-02-21 00:40:00 | Milwaukee Sundancers | Dennis Roberson | Acquired via trade | Ray Mills | Philadelphia Assassins |
| 2003-02-21 00:30:00 | Denver Ferris Wheels | Fernando England | Acquired via trade | | Milwaukee Sundancers |
| 2003-02-21 00:30:00 | Denver Ferris Wheels | Elliott Maupin | Acquired via trade | | South Dakota Blackhawks |
| 2003-02-21 00:30:00 | Milwaukee Sundancers | Dean McCubbins | Acquired via trade | | Philadelphia Assassins |
| 2003-02-21 00:30:00 | Milwaukee Sundancers | George Louden | Acquired via trade | | Philadelphia Assassins |
| 2003-02-21 00:30:00 | Philadelphia Assassins | Brady Loeser | Acquired via trade | | Denver Ferris Wheels |
| 2003-02-21 00:30:00 | Philadelphia Assassins | Tom Waddle | Acquired via trade | | Milwaukee Sundancers |
| 2003-02-21 00:30:00 | Philadelphia Assassins | 1st round pick in season 04 | Acquired via trade | | Milwaukee Sundancers |
| 2003-02-21 00:20:00 | Milwaukee Sundancers | Matthew Greenwell | Acquired via trade | Charles Greenwell | Atlanta Eels |
| 2003-02-21 00:20:00 | Milwaukee Sundancers | Don Durbin | Acquired via trade | | Tampa Runner-ups |
| 2003-02-18 15:46:26 | Santiago Sharks | Antoine OKeefe | Add/Drop | | |
| 2003-02-17 15:30:00 | San Diego Sabercats | Neil Wick | Acquired via trade | Matt Priest | Cincinnati Skyliners |
| 2003-02-17 15:30:00 | San Diego Sabercats | Cameron Vaught | Acquired via trade | Ray Nugent | Cincinnati Skyliners |
| 2003-02-17 15:30:00 | Cincinnati Skyliners | Rusty Vanwinkle | Acquired via trade | | Santiago Sharks |
| 2003-02-17 15:30:00 | Cincinnati Skyliners | Alan Patrick | Acquired via trade | | Santiago Sharks |
| 2003-02-17 15:30:00 | San Diego Sabercats | 2nd round pick in season 04 | Acquired via trade | | Cincinnati Skyliners |
| 2003-02-17 15:00:00 | Milwaukee Sundancers | Rod Willman | Acquired via trade | Marques Loyd | New York Warriors |