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| 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 | |
| 2002-11-07 12:13:36 | Calgary Cougars | Justin Fuchs | Add/Drop | Dale Fischer | |
| 2002-11-06 06:19:00 | South Dakota Blackhawks | Tyler Daniel | Add/Drop | Don Klempner | |
| 2002-11-05 09:59:12 | Santa Fe Zeppelins | Greg Warfield | Add/Drop | Tyler Daniel | |
| 2002-11-04 09:51:16 | San Francisco Golden Gators | Rex Owen | Add/Drop | | |
| 2002-11-04 02:29:30 | South Dakota Blackhawks | Don Klempner | Add/Drop | | |
| 2002-11-04 01:23:12 | Detroit Gear Daddies | | Drop | Martin Dooley | |
| 2002-11-03 19:56:32 | Quebec Buzz | | Drop | Dwight Karrer | |