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| 2002-12-11 08:00:00 | Los Angeles Cacti | Barry Hahn | Acquired via trade | Carl Shipley | Atlanta Eels |
| 2002-12-11 08:00:00 | Los Angeles Cacti | 2nd round pick in season 03 | Acquired via trade | | Atlanta Eels |
| 2002-12-10 16:00:00 | Milwaukee Sundancers | Acquired via trade | 1st round pick in season 03 | Philadelphia Assassins |
| 2002-12-10 16:00:00 | Milwaukee Sundancers | Marques Loyd | Acquired via trade | James Roman | Philadelphia Assassins |
| 2002-12-10 16:00:00 | Milwaukee Sundancers | Douglas Sandage | Acquired via trade | Lucas Rutherford | Philadelphia Assassins |
| 2002-12-09 16:00:00 | Salt Lake City Night Hawks | 1st round pick in season 03 | Acquired via trade | Arthur Grace | Phoenix Kangaroos |
| 2002-12-09 08:00:00 | Salt Lake City Night Hawks | 1st round pick in season 03 | Acquired via trade | James Calloway | Louisville Colonels |
| 2002-12-08 16:20:00 | New York Warriors | Rod Willman | Acquired via trade | Neil Christensen | Philadelphia Assassins |
| 2002-12-08 16:00:00 | Louisville Colonels | George Walsh | Acquired via trade | 1st round pick in season 03 | Los Angeles Cacti |
| 2002-12-08 16:00:00 | Louisville Colonels | 1st round pick in season 03 | Acquired via trade | | Los Angeles Cacti |
| 2002-12-08 16:00:00 | Louisville Colonels | 2nd round pick in season 04 | Acquired via trade | | Los Angeles Cacti |
| 2002-12-08 14:00:00 | Philadelphia Assassins | Elliott Maupin | Acquired via trade | 2nd round pick in season 03 | Atlanta Eels |
| 2002-12-08 14:00:00 | Philadelphia Assassins | | Acquired via trade | Dan Downes | Atlanta Eels |
| 2002-12-03 16:00:00 | Los Angeles Cacti | 1st round pick in season 03 | Acquired via trade | | Atlanta Eels |
| 2002-12-03 16:00:00 | Philadelphia Assassins | Denny Cole | Acquired via trade | | Los Angeles Cacti |
| 2002-12-03 16:00:00 | Atlanta Eels | Xavier Beck | Acquired via trade | Jimmy Graven | Philadelphia Assassins |
| 2002-11-14 14:10:58 | South Dakota Blackhawks | | Drop | Baloo Henn | |
| 2002-11-14 12:54:22 | Philadelphia Assassins | Brady Randall | Add/Drop | | |
| 2002-11-14 12:40:34 | Milwaukee Sundancers | | Drop | Brady Randall | |
| 2002-11-14 10:13:22 | Santiago Sharks | Cecil Weakley | Add/Drop | | |
| 2002-11-11 23:51:06 | Kansas City Wildcats | | Drop | Trace Kraus | |
| 2002-11-11 11:25:28 | Santa Fe Zeppelins | William Summitt | Add/Drop | | |
| 2002-11-10 10:12:02 | Buenos Aires Eagles | | Drop | Cecil Weakley | |
| 2002-11-09 05:22:02 | Rio de Janeiro Red Storm | | Drop | Javier Farmer | |
| 2002-11-08 01:47:14 | South Dakota Blackhawks | Dale Fischer | Add/Drop | Ralph Wessel | |