*2004 Draft will feature only 3 rounds, so you have 3 picks*
*All players drafted receive $1/4 year contracts*
| OVERALL | REALITY TEAM | Player | POS | Drafted by |
| 1. | Superstars | Jared Weaver | SP | Anaheim |
| 2. | Navigators | Justin Verlander | SP | Detroit |
| 3. | BlueJays | Matthew Bush | SS | San Diego |
| 4. | Superstars | Stephen Drew | SS | Arizona |
| 5. | Navigators | Jeff Niemann | SP | Tampa Bay |
| 6. | Cubs | Philip Humber | SP | Mets |
| 7. | White Sox | David Bailey | SP | Cincinatti |
| 8. | Navigators | Josh Fields | 3B | White Sox |
| 9. | Thunder | Jeremy Sowers | SP | Indians |
| 10. | Wave Riders | Wade Townsend | SP | Baltimore |
| 11. | Navigators | Thomas Diamond | SP | Texas |
| 12. | Wave Riders | David Purcey | SP | Toronto |
| 13. | Bluejays | Billy Butler | 3B | Kansas City |
| 14. | Wave Riders | Landon Powell | C | Oakland |
| 15. | Knights | Taylor Tankersly | SP | Florida |
| 16. | Giants | Huston Street | RP | Oakland |
| 17. | Mariners | Mark Rogers | SP | Milwaulkie |
| 18. | Mariners | Timothy Elbert | SP | Los Angelas |
| 19. | Wave Riders | J.P. Howell | SP | Kansas City |
| 20. | Superstars | Bill Bray | RP | Montreal |
| 21. | BlueJays | Neil Walker | C | Pittsburgh |
| 22. | Navigators | Brandon(B.J.)Szymanski | OF | Cincinatti |
| 23. | Navigators | Mike Ferris | 1B | St.Louis |
| 24. | Cubs | Matthew Durkin | SP | Mets |
| 25. | Red Sox | Christopher Nelson | SS | Colorado |
| 26. | Red Sox | Danny Putnam | OF | Oakland |
| 27. | Wave Riders | Justin Orenduff | SP | Los Angelas |
| 28. | Twins | Glen Perkins | SP | Minnesota |
| 29. | Knights | Chris Lambert | SP | St.Louis |
| 30. | Wave Riders | Zach Jackson | SP | Toronto |
| 31. | Astros | Gregory Olson | OF | Philadelphia |
| 32. | D-Backs | Trevor Plouffe | SS | Minnesota |
| 33. | White Sox | Richie Robnett | OF | Oakland |
| 34. | Giants | Eddie Martinez-Esteve | OF | San Fran |
| 35. | Giants | Matt Fox | SP | Minnesota |
| 36. | Mariners | Kyle Waldrop | SP | Minnesota |
| 37. | Red Sox | Eric Hurley | SP | Texas |
| 38. | Red Sox | Philip Hughes | SP | Yankees |
| 39. | DBacks | MATTHEW TUIASOSOPO | SS | Mariners |
| 40. | Giants | John Bowker | OF | San Fran |
| 41. | Red Sox | Jay Rainville | SP | Minnesota |
| 42. | DBacks | Tyler Lumsden | SP | White Sox |
| 43. | Red Sox | Jeff Frazier | OF | Detroit |
| 44. | Twins | Matthew Macri | 3B | Colorado |
| 45. | Thunder | Jonathon Poterson | C | Yankees |
| 46. | Twins | Jon Zeringue | OF | Arizona |
| 47. | DBacks | Jason Vargas | SP | Florida |
| 48. | Wave Riders | Justin Hoyman | SP | Cleveland |
| 49. | Astros | Blake DeWitt | 2B | L.A. |
| 50. | Mets | Giovanny Gonzalez | SP | White Sox |
| 51. | Red Sox | Mark Trumbo | SP | Anaheim |
| 52. | Critters | Matt Campbell | SP | Kansas City |
| 53. | Wave Riders | Jason Windsor | SP | Oakland |
| 54. | Knights | Eric Patterson | 2B | Cubs |
