Italicized players are those who are
on ineligible teams and are subject to forfeited draft picks
| Trade # | Team | Traded | To | For |
|---|---|---|---|---|
| 59 | Silver Sox | 2004 3rd RDP (#7) | Bombers | Rafael Palmiero |
| 58 | Dynamo | Ty Wigginton / 2004 2nd RDP (#16) | Marshalls | Eric Byrnes / 2004 3rd RDP (#4) |
| 57 | Devil Dogs | Dave Delucci | Lions | 2004 5th RDP (#13) |
| 56 | Bombers | 2004 4th RDP (#1) | Arrows | Matthew LeCroy |
| 55 | Arrows | Ryan Franklin | Pit Vipers | 2004 3rd RDP (#8) |
| 54 | Rollers | Mark Grudzielanek | Tigers | 2004 3rd RDP (#2) |
| 53 | Haymakers | Ricky Ledee | Lions | Cal Eldred |
| 52 | Sparkplugs | 2004 3rd RDP (#3) | Bombers | Dan Haren / John Parrish Timo Perez |
| 51 | 33's | Derek Lowe | Bombers | 2004 3rd RDP (#15) |
| 50 | Marshalls | Trot Nixon | Pit Vipers | Horacio Ramirez |
| 49 | Pumas | 2004 1st RDP (#5) | Silver Sox | Khalil Greene |
| 48 | Stars | Bobby Hill / 2004 4th RDP (#7) | 33's | Jose Acevedo / 2004 4th RDP (#11) |
| 47 | Colt45's | 2004 2nd RDP (#14) | Pumas | Danny Graves |
| 46 | Colt45's | Cliff Lee / Angel Berroa | Arrows | Jimmy Rollins |
| 45 | Pumas | Barry Larkin | Rollers | 2004 4th RDP (#15) |
| 44 | Sparkplugs | 2004 2nd RDP (#14) | Colt45's | Kyle Lohse |
| 43 | Colt45's | Auston Kearns / 2004 3rd RDP (#19) 2004 3rd RDP (#19) | Grizzlies | Kris Benson / Randy Wolf |
| 42 | Pumas | Buddy Groom / Terry Adams Nick Bierbrodt |
Stars | Rey Olmedo / Brandon Larson |
| 41 | Haymakers | Alex Cora | Pumas | Jermaine Dye |
| 40 | Sparkplugs | Ramon Martinez | Haymakers | Tony Clark |
| 39 | Haymakers | Marquis Grissom / 2004 3rd RDP (#12) | Grizzlies | Cristian Guzman / 2004 5th RDP(#21) |
| 38 | Sparkplugs | Russell Branyan / Kent Mercker | Crush | Kyle Farnsworth |
| 37 | Pumas | 2004 4th RDP (#4) | Pit Vipers | Marcus Thames |
| 36 | Colt 45s | Scott Schoeneweis | Sparkplugs | Mike Remlinger |
| 35 | Sparkplugs | Ryan Freel | Arrows | Ken Griffey Jr. |
| 34 | Dynamo | 2004 2nd RDP (#17) | Crush | Tony Batista |
| 33 | Lions | Trevor Hoffman | Crush | Dave Roberts |
| 32 | Sparkplugs | 2004 2nd RDP (#20) | Devil Dogs | Dustin Hermanson / Shawn Estes |
| 31 | Bombers | Noah Lowry | Stars | Richie Weeks |
| 30 | Dynamo | Chipper Jones / Josh Fogg | 33's | Tim Hudson / 2004 2nd RDP (#17) |
| 29 | Lions | Keith Ginter / 2004 1st RDP (#20) | Buskers | Melvin Mora / 2004 2nd RDP (#2) |
| 28 | Lions | Rob Mackowiak / Marlon Byrd | Highlanders | Trevor Hoffman / 2004 3rd RDP (#23) |
| 27 | Haymakers | Aaron Harang | Lions | Troy Percival |
| 26 | Colt45s | Jose Mesa | Lions | Dave Ross / Kenny Lofton Lions 2004 7th RDP |
| 25 | Lions | Terry Mulholland / Aaron Sele | Rockets | Tim Worrell |
| 24 | Bombers | Austin Kearns / Cliff Lee Jose Mesa / 2004 5th RDP (#1) |
Colt45's | Joe Nathan / Craig Monroe 2004 1st RDP |
| 23 | Dynamo | 2004 3rd RDP (#18) | Colt45's | Mike Hampton |
| 22 | Royals | 2004 1st RDP (#19) | Rockets | Jeremy Burnitz / Brooks Kieschnick |
| TRADE #22 rescinded 3 Jan 05 | ||||
| 21 | Colt45's | Michael Barrett / Eli Marrero | Arrows | Milton Bradley |
| 20 | Rockets | Keith Ginter | Lions | 2004 2nd RDP (#20) |
| 19 | Rockets | Rondell White | Crush | B.J. Surhoff / Paul Bako |
| 18 | Stars | Julio Mateo | Pumas | Dustin Mohr |
| 17 | Colt45's | Jermaine Dye | Pumas | Mike Hampton |
| 16 | Dynamo | Mitch Meluskey | Grizzlies | 2004 6th RDP |
| 15 | Haymakers | 2004 5th RDP | Lions | Bubba Trammell |
| 14 | 33's | Kenny Lofton / Billy Koch Shane Halter | Lions | Jamey Carroll / Xavier Nady Kerry Robinson |
| 13 | Sharks | Ryan Drese | Pumas | Darren Bragg |
| 12 | Dynamo | Troy Percival / Cal Eldred | Lions | Tom Gordon / Jung Bong |
| 11 | Knights | 2004 4th RDP | Haymakers | Michael Ryan |
| 10 | Knights | Phil Nevin / Xavier Nady J.J Davis / Ryan Vogelsong | Lions | Raul Ibanez / Jason Bay Jason Simontacchi / Mike Basik Lions 2004 4th RDP |
| 9 | Knights | Trey Lunsford / Michel Hernandez | Royals | 2004 4th RDP |
| 8 | Dynamo | Jason Bere | Rockets | Jason Conti |
| 7 | Rockets | Rob Mackowiak / Jason Simontacchi | Lions | Ryan Freel / Kent Mercker |
| 6 | Dynamo | Ryan Freel / Benji Gil | Lions | Wily-Mo Pena / Carlos Febles |
| 5 | Centurions | Derek Jeter / Troy Percival | Dynamo | Edgar Renteria / Scott Williamson |
| 4 | Dynamo | Richie Sexson / Jose Cruz Jr. Francisco Cordero | Knights | Chipper Jones / Ken Harvey Scott Williamson |
| 3 | Pumas | Mark Johnson | Royals | Adrian Brown |
| 2 | Rockets | Alex Cora / Orlando Merced | Haymakers | Russell Branyan / Ramon Martinez |
| 1 | Colt45's | Julio Lugo / Fred McGriff | Pumas | Eric Karros / Fernando Tatis |