Dispersal Draft
| Round | Overall Pick | Player Selected |
| 1 | 2 | Dany Heatley |
| 2 | 32 | Dan Cloutier |
| 3 | 49 | Doug Weight |
| 4 | 79 | Tom Poti |
| 5 | 89 | Alex Tanguay |
| 6 | 119 | Kimmo Timonen |
| 7 | 122 | Robert Lang |
| 8 | 159 | Richard Matvichuk |
| 9 | 162 | Vyacheslav Kozlov |
| 10 | 199 | Jason Arnott |
| 12 | 239 | Chris Therien |
| 13 | 242 | Niko Kapanen |
| 14 | 279 | Sean O'Donnell |
| 16 | 319 | Alexander Khavanov |
| 17 | 322 | David Vyborny |
| 18 | 359 | Jamie Storr |
| 19 | 362 | Peter Schaefer |
| 20 | 399 | Samuel Pahlsson |
| 21 | 402 | Oleg Saprykin |
| 22 | 439 | Niklas Hagman |
| 23 | 442 | Brian Pothier |
| 24 | 479 | Andy Sutton |
| 25 | 482 | Zac Bierk |
| 26 | 519 | Fernando Pisani |
| 27 | 522 | Dan Snyder |
| 28 | 559 | Murray Baron |
| 29 | 562 | Matt Bradley |
| 30 | 599 | Eric Chouinard |