Transactions 2006 Through Monday, May 29th
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Trades: Rooster Rage traded Marcus Giles to the Camel Jockeys for Brandon Phillips and John Thomson.
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| Team Name | Replaced | Picked Up |
| Camel Jockeys | Released - Taylor Buchholz | Mike Remlinger |
| Rooster Rage | Released - Vicente Padilla | Josh Johnson |
| A.C.L. | Released - Wandy Rodriguez | Orlando Hernandez |
| Non - Smokers | Released - Matt Clement | Gil Meche |
| Harpooners | DL - Brian McCann | Greg Zaun |
| Iron Men | Released - Adrian Gonzalez | Promoted - Kendry Morales |
| Asian Pranksters | Released - Rafael Soriano | Ken Ray |
| Camel Jockeys | Open Spot | Horacio Ramirez |
| Iron Men | Released - Juan Cruz | Promoted - Jered Weaver |
| Rooster Rage | DL - Wily Mo Pena | Activated - Gary Sheffield |
| Rooster Rage | Reserved - Jay Gibbons | Eric Byrnes |
| Non - Smokers | Reserved - Trevor Hoffman | Oliver Perez |
| Non - Smokers | Released - Ryan Freel | No Open Spot |
| A.C.L. | Reserved - Francisco Cordero | Aaron Sele |
| Asian Pranksters | Released - Kenny Lofton | Activated - Aaron Rowand |
| Asian Pranksters | Released - Paul Byrd | Activated - Eric Gagne |
| The Bigg Doggs | DL - Cole Hamels | Activated - Chris Reitsma |
| Sultans of Swat | DL - Jose Guillen | No Open Spot |
| Sultans of Swat | Reserved - Chris Carpenter | Activated - Kerry Wood |
| Sultans of Swat | Reserved - Danys Baez | Activated - Jose Contreras |
| Winged Buffalo | Released - Brad Ausmus | Activated - Brian Schneider |
| Winged Buffalo | Reserved - Jason Lane | Adrian Beltre |
| Winged Buffalo | Released - Jake Westbrook | Activated - Joe Borowski |
| Winged Buffalo | Released - Chien-Ming Wang | Promoted - Boof Bonser |
| Iron Men | Released - Reggie Sanders | Activated - Coco Crisp |
| Iron Men | Reserved - Scot Shields | Mike Thompson |
| Camel Jockeys | Reserved - Dontrelle Willis | David Wells |
| Rooster Rage | Released - Ted Lilly | No Open Spot |
| Rooster Rage | Released - Eddie Guardado | No Open Spot |