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| 2003-08-16 09:00:00 | Orlando Bombers | 1st round pick in season 06 | Acquired via trade | | Los Angeles Cacti |
| 2003-08-16 08:30:00 | Atlanta Eels | Nathaniel Keane | Acquired via trade | | Boston Bannerman |
| 2003-08-16 08:30:00 | Atlanta Eels | LeRoy Suell | Acquired via trade | | San Antonio Brothas |
| 2003-08-16 08:30:00 | Atlanta Eels | 2nd round pick in season 05 | Acquired via trade | | Philadelphia Assassins |
| 2003-08-16 08:30:00 | Boston Bannerman | 1st round pick in season 05 | Acquired via trade | | San Antonio Brothas |
| 2003-08-16 08:30:00 | San Antonio Brothas | Alvin Redmon | Acquired via trade | | Philadelphia Assassins |
| 2003-08-16 08:30:00 | San Antonio Brothas | Fairleigh Bickel | Acquired via trade | | Atlanta Eels |
| 2003-08-16 08:30:00 | Philadelphia Assassins | James Roman | Acquired via trade | | San Antonio Brothas |
| 2003-08-16 08:20:00 | Seattle Cougars | 1st round pick in season 05 | Acquired via trade | Tyler Byrne | Denver Ferris Wheels |
| 2003-08-16 08:10:00 | San Francisco Golden Gators | Hunter Geoghegan | Acquired via trade | 2nd round pick in season 05 | New York Warriors |
| 2003-08-16 08:00:00 | Sacramento Rainbow Trout | Irvin Hornback | Acquired via trade | Rod Cundiff | Chicago Hilltoppers |
| 2003-08-16 08:00:00 | Sacramento Rainbow Trout | 2nd round pick in season 06 | Acquired via trade | 1st round pick in season 05 | Chicago Hilltoppers |
| 2003-07-08 12:22:06 | Charlotte Rangers | Mitch Kapfhammer | Add/Drop | Paul Holloway | |
| 2003-07-07 19:07:10 | South Dakota Blackhawks | Damien Yost | Add/Drop | Evan Poe | |
| 2003-07-07 16:12:44 | Birmingham Venom | Conrad Volz | Add/Drop | Bernard Trotter | |
| 2003-07-07 12:57:06 | Charlotte Rangers | Todd Bradford | Add/Drop | Maurice Steele | |
| 2003-07-07 12:16:54 | New York Warriors | Matt Feirer | Add/Drop | Daniel Rausch | |
| 2003-07-07 09:07:56 | Orlando Bombers | Kevin Tolle | Add/Drop | Jerome Dotson | |
| 2003-07-06 14:15:54 | Milwaukee Sundancers | | Drop | Charles Mayer | |
| 2003-07-06 11:22:46 | Charlotte Rangers | Travis Rosenberg | Add/Drop | Arnold Linton | |
| 2003-07-05 19:32:58 | Buffalo Bombers | Tyler Daniel | Add/Drop | | |
| 2003-07-05 13:05:20 | Los Angeles Cacti | Britt Cheatham | Add/Drop | Rick Proctor | |
| 2003-07-05 12:17:30 | Winnipeg Warriors | Charles Mayer | Add/Drop | Randall Bradley | |
| 2003-07-05 06:43:58 | Calgary Cougars | Kyle Durst | Add/Drop | Charles Mayer | |
| 2003-07-05 06:41:40 | South Dakota Blackhawks | Evan Poe | Add/Drop | Kyle Durst | |