Embodiments of the present invention provide an approach for dynamically modifying Quality of Service (QoS) levels for resources (e.g., applications, processes, services, etc.) running in a networked computing environment. Specifically, embodiments of the present invention dynamically adjust transport level networking QoS parameters based on associated service level agreements (SLA) term. In a typical embodiment, a set of service level requirements associated with a resource running in the networked computing environment will first be identified (e.g., in a computer data structure). Then, the set of service level requirements will be mapped to a set of QoS parameters associated with a transport layer of the networked computing environment. A current performance of the resource within the transport layer will then be determined. Once the current performance has been determined, it will be further determined whether the current performance meets the set of service level requirements. Based on this determination/comparison, the set of QoS parameters can be adjusted accordingly.