6/17/03:
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Carolina Grays win inaugural draft lottery.
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6/27/03:
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Bayside Brewers franchise transferred to Stu Blake.
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6/30/03:
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Carolina Grays trade 1st (1st overall) & 10th (100th overall) round picks in 1954 draft to Peoria Chiefs for Peoria's 1st (7th overall) & 3rd (27th overall) round picks in 1954 draft.
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7/01/03:
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Atwater Diamond Lakers franchise transferred to Steve Beck and re-named Oswego Panthers
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7/01/03:
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Willie Mays selected as first pick in inaugural draft by Peoria Chiefs.
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7/01/03:
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Oswego Panthers move franchise to Comiskey Park, and Wilmington Hornets relocate to Wrigley field.
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7/02/03:
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Carolina Grays trade 3rd (21st overall) and 20th (200th overall) picks in 1954 draft to Peoria Chiefs for Peoria's 4th (34th overall) and 6th (54th overall) picks in 1954 draft.
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9/01/03:
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Oswego Panthers franchise transferred to Dennis VanLangen.
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9/20/03:
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Peoria Chiefs acquire Johnny Sain and a 10th round pick in the 1955 rookie draft from North Bend Tadjers for a 6th round pick in the 1955 rookie draft. In order to make room for Sain on the roster, the Chiefs release Pitcher George O'Donnell.
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9/28/03:
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Oswego Panthers announce that they will relocate after the 1954 season, and become the Alexandria Rock Hounds.
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