|
| 2003-12-26 00:40:00 | Philadelphia Assassins | Tom Waddle | Acquired via trade | Antonio Klein | Atlanta Eels |
| 2003-12-26 00:40:00 | Philadelphia Assassins | 2nd round pick in season 06 | Acquired via trade | Jason Rueff | Atlanta Eels |
| 2003-12-26 00:40:00 | Philadelphia Assassins | 2nd round pick in season 06 | Acquired via trade | | Atlanta Eels |
| 2003-12-26 00:30:00 | Seattle Cougars | 1st round pick in season 07 | Acquired via trade | 1st round pick in season 06 | Phoenix Kangaroos |
| 2003-12-26 00:20:00 | Seattle Cougars | Chris Phelps | Acquired via trade | Ray Downes | San Francisco Golden Gators |
| 2003-12-26 00:20:00 | Seattle Cougars | William Stokes | Acquired via trade | 1st round pick in season 06 | San Francisco Golden Gators |
| 2003-12-26 00:20:00 | Seattle Cougars | Sherm Poole | Acquired via trade | 2nd round pick in season 06 | San Francisco Golden Gators |
| 2003-12-26 00:20:00 | San Francisco Golden Gators | 3rd round pick in season 06 | Acquired via trade | | Seattle Cougars |
| 2003-12-26 00:10:00 | New York Warriors | Jamaal Kessler | Acquired via trade | Carl Jecker | Philadelphia Assassins |
| 2003-12-26 00:10:00 | New York Warriors | 1st round pick in season 06 | Acquired via trade | Gordon Hannah | Philadelphia Assassins |
| 2003-12-26 00:10:00 | New York Warriors | 2nd round pick in season 07 | Acquired via trade | 3rd round pick in season 07 | Philadelphia Assassins |
| 2003-11-15 14:43:00 | Winnipeg Warriors | Clay Graves | Add/Drop | | |
| 2003-11-15 14:09:08 | Milwaukee Sundancers | | Drop | Jodie Buckner | |
| 2003-11-12 14:42:58 | Milwaukee Sundancers | Rich McCubbins | Add/Drop | Paul Holloway | |
| 2003-11-12 14:01:58 | Philadelphia Assassins | | Drop | Bradford Russell | |
| 2003-11-12 13:46:24 | South Dakota Blackhawks | Art Bogard | Add/Drop | | |
| 2003-11-09 20:23:32 | San Diego Sabercats | Nick Dallas | Add/Drop | Trent Dattilo | |
| 2003-11-09 09:45:24 | Tampa Runner-ups | Marquez Meeks | Add/Drop | Woody Black | |
| 2003-11-09 08:34:38 | Knoxville Wampus Cats | Thad McAtee | Add/Drop | Brandon Crain | |
| 2003-11-07 20:54:18 | New York Warriors | Ervin Pearson | Add/Drop | Greg Church | |
| 2003-11-06 12:34:20 | Winnipeg Warriors | Roger Miller | Add/Drop | | |
| 2003-11-06 12:07:02 | Milwaukee Sundancers | | Drop | Keegan Buchanan | |
| 2003-11-05 22:59:32 | Tampa Runner-ups | Regis Esterle | Add/Drop | Derek Strader | |
| 2003-11-05 07:47:12 | Atlanta Eels | Carlton Moll | Add/Drop | Paul Weller | |
| 2003-11-05 03:34:36 | San Antonio Brothas | Brandon Hoffman | Add/Drop | Charles Greenwell | |