| First Round | Player | College |
| 1. San Antonio | Tim Duncan | Wake Forest |
| 2. Philadelphia (1) | Keith Van Horn | Utah |
| 3. Boston | Chauncey Billups | Colorado |
| 4. Vancouver | Antonio Daniels | Bowling Green |
| 5. Denver | Tony Battie | Texas Tech |
| 6. Boston (from Dallas) | Ron Mercer | Kentucky |
| 7. New Jersey (1) | Tim Thomas | Villanova |
| 8. Golden State | Adonal Foyle | Colgate |
| 9. Toronto | Tracy McGrady | N/A |
| 10. Milwaukee (2) | Danny Fortson | Cincinnati |
| 11. Sacramento | Olivier Saint-Jean | San Jose State |
| 12. Indiana | Austin Croshere | Providence |
| 13. Cleveland | Derek Anderson | Kentucky |
| 14. LA Clippers | Maurice Taylor | Michigan |
| 15. Dallas (3) (from Minnesota) | Kelvin Cato | Iowa State |
| 16. Cleveland (from Phoenix) | Brevin Knight | Stanford |
| 17. Orlando | Johnny Taylor | Tenn.-Chattanooga |
| 18. Portland (3) | Chris Anstey | N/A |
| 19. Detroit | Scot Pollard | Kansas |
| 20. Minnesota (from Charlotte) | Paul Grant | Wisconsin |
| 21. New Jersey (1) (from LA Lakers) | Anthony Parker | Bradley |
| 22. Atlanta | Ed Gray | California |
| 23. Seattle (4) | Bobby Jackson | Minnesota |
| 24. Houston | Rodrick Rhodes | USC |
| 25. New York | John Thomas | Minnesota |
| 26. Miami | Charles Smith | New Mexico |
| 27. Utah | Jacque Vaughn | Kansas |
| 28. Chicago | Keith Booth | Maryland |
Notes:
*Washington forfeited its first-round pick as compensation for re-signing free agent Juwan Howard in 1996.
(1) Philadelphia traded Don MacLean, Michael Cage, Lucious Harris and the rights Keith Van Horn to New Jersey for Jim Jackson, Eric Montross and the rights to Tim Thomas and Anthony Parker.
(2) Milwaukee traded Johnny Newman, Joe Wolf and the rights to Danny Fortson to Denver for Ervin Johnson.
(3) Dallas traded the rights to Kelvin Cato to Portland for the rights to Chris Anstey and cash.
(4) Seattle traded the rights to Bobby Jackson to Denver for the rights to second-round pick James Cotton and a 1998 second-round pick.
