| First Round | Player | College |
| 1. New Jersey | Derrick Coleman | Syracuse |
| 2. Seattle | Gary Payton | Oregon State |
| 3. Denver (from Miami) | Chris Jackson | Louisiana State |
| 4. Orlando | Dennis Scott | Georgia Tech |
| 5. Charlotte | Kendall Gill | Illinois |
| 6. Minnesota | Felton Spencer | Louisville |
| 7. Sacramento | Lionel Simmons | La Salle |
| 8. LA Clippers | Bo Kimble | Loyola Marymount |
| 9. Miami (from Washington) | Willie Burton | Minnesota |
| 10. Atlanta (from Golden State) | Rumeal Robinson | Michigan |
| 11. Golden State (from Atlanta) | Tyrone Hill | Xavier (Ohio) |
| 12. Houston (1) | Alec Kessler | Georgia |
| 13. LA Clippers (from Cleveland) | Loy Vaught | Michigan |
| 14. Sacramento (from Indiana) | Travis Mays | Texas |
| 15. Miami (from Denver) (2) | Dave Jamerson | Ohio |
| 16. Milwaukee | Terry Mills | Michigan |
| 17. New York | Jerrod Mustaf | Maryland |
| 18. Sacramento (from Dallas) | Duane Causwell | Temple |
| 19. Boston | Dee Brown | Jacksonville |
| 20. Minnesota (from Philadelphia) | Gerald Glass | Mississippi |
| 21. Phoenix | Jayson Williams | St. John's |
| 22. New Jersey (from Chicago) | Tate George | Connecticut |
| 23. Sacramento (from Utah) | Anthony Bonner | St. Louis |
| 24. San Antonio | Dwayne Schintzius | Florida |
| 25. Portland | Alaa Abdelnaby | Duke |
| 26. Detroit | Lance Banks | Texas |
| 27. LA Lakers | Elden Campbell | Clemson |
Notes:
(1) Draft rights traded by Houston to Miami for draft rights to Dave Jamerson and Carl Herrera.
(2) Draft rights traded by Miami with draft rights to Carl Herrera to Houston for draft rights to Alec Kessler.
