Transactions 2005 Through Monday, May 23rd
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Trades: Asian Pranksters traded Craig Wilson and Greg Aquino to the Camel Jockeys for Armando Benitez.
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| Team Name | Replaced | Picked Up |
| Asian Pranksters | Released - Ryan Church | Jose Castillo |
| Asian Pranksters | Released - Yhency Brazoban | Activated - Joe Blanton |
| Asian Pranksters | Reserved - Carlos Beltran | Bobby Kielty |
| Winged Buffalo | Released - Mike Maroth | Aaron Harang |
| Winged Buffalo | Reserved - Carlos Pena | Darin Erstad |
| Camel Jockeys | Reserved - CC Sabathia | Ted Lilly |
| Camel Jockeys | Released - Daniel Cabrera | Chris Young |
| Camel Jockeys | Released - Morgan Ensberg | Kevin Mench |
| Make 7up Yours | DL - John Thomson | Adam Bernero |
| Make 7up Yours | Released - Kevin Millar | Activated - Jim Thome |
| Make 7up Yours | Open Minor League Spot | Chicago White Sox |
| Make 7up Yours | DL - Odalis Perez | Promoted - Brandon McCarthy |
| A.C.L. | DL - Octavio Dotel | Brian Bruney |
| A.C.L. | Released - Dan Haren | Chris Reitsma |
| A.C.L. | Released - Daryle Ward | Activated - Mike Lowell |
| A.C.L. | Released - Junior Spivey | Activated - Luis Castillo |
| The Bigg Doggs | DL - Coco Crisp | Alex Sanchez |
| The Bigg Doggs | Released - Ryan Dempster | Ryan Wagner |
| Sultans of Swat | Reserved - Jeff Suppan | Jose Contreras |
| Sultans of Swat | Reserved - Dan Kolb | Carlos Silva |
| Ted-Sicle | Released - Aaron Heilman | Scot Shields |
| Ted-Sicle | Reserved - Danny Graves | Mike MacDougal |
| Iron Men | Released - David Bush | Tim Stauffer |
| Iron Men | Released - Geoff Jenkins | Activated - Sammy Sosa |
| Non - Smokers | DL - Brandon Lyon | Joe Borowski |
| Non - Smokers | DL - Vladimir Guerrero | Jody Gerut |
| Rooster Rage | Reserved - Shingo Takatsu | Cory Lidle |
| Harpooners | DL - Orlando Hernandez | Dave Williams |
| Camel Jockeys | Released - Brandon Backe | Activated - Carlos Zambrano |