*1st rounders recieve $3/4 year contracts*
*2nd rounders recieve $1/4 year contracts*
| OVERALL | REALITY TEAM | Player | POS | Drafted by |
| 1. | Flames | Alexander Ovechkin | LW | Capitals |
| 2. | Wolverines | Evgeni Malkin | C | Penguins |
| 3. | Oilers | Al Montoya | G | Rangers |
| 4. | Nordiques | Andrew Ladd | LW | Hurricanes |
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