| First Round | Player | College |
| 1. Philadelphia | Allen Iverson | Georgetown |
| 2. Toronto | Marcus Camby | Massachusetts |
| 3. Vancouver | Shareef Abdur-Rahim | California |
| 4. Milwaukee (1) | Stephon Marbury | Georgia Tech |
| 5. Minnesota (1) | Ray Allen | Connecticut |
| 6. Boston (from Dallas) | Antoine Walker | Kentucky |
| 7. LA Clippers | Lorenzen Wright | Memphis |
| 8. New Jersey | Kerry Kittles | Villanova |
| 9. Dallas (from Boston) | Samaki Walker | Louisvile |
| 10. Indiana (from Denver) | Erick Dampier | Mississippi State |
| 11. Golden State | Todd Fuller | North Carolina State |
| 12. Cleveland (from Wash.) | Vitaly Potapenko | Wright State |
| 13. Charlotte | Kobe Bryant | Lower Merion HS |
| 14. Sacramento | Predrag Stojakovic | PAOK (Greece) |
| 15. Phoenix | Steve Nash | Santa Clara |
| 16. Charlotte (from Miami) | Tony Delk | Kentucky |
| 17. Portland | Jermaine O'Neal | Eau Claire HS |
| 18. New York (from Detroit) | John Wallace | Syracuse |
| 19. New York (from Atlanta) | Walter McCarty | Kentucky |
| 20. Cleveland | Zydrunas Ilgauskas | Lithuania |
| 21. New York | Dontae' Jones | Mississippi State |
| 22. Vancouver (from Houston) | Roy Rogers | Alabama |
| 23. Denver (from Indiana) | Efthimis Rentzias | PAOK |
| 24. LA Lakers | Derek Fisher | Arkansas-Little Rock |
| 25. Utah (2) | Martin Muursepp | BC Kalev Tallinn |
| 26. Detroit (from San Antonio) | Jerome Williams | Georgetown |
| 27. Orlando | Brian Evans | Indiana |
| 28. Atlanta (from Seattle) | Priest Lauderdale | Peristeri (Greece) |
| 29. Chicago | Travis Knight | Connecticut |
Notes:
(1) Milwaukee traded the rights to Stephon Marbury to Minnesota for the rights to Ray Allen and a future first-round draft pick.
(2) Utah traded the rights to Martin Muursepp to Miami for a future first-round draft pick.
