| Round 1 | Team | |
| 1 | PHA | Cecil Travis, Free Agent INF |
| 2 | KCN | Joe Nathan, Rookie P |
| 3 | SEA | Andy Messersmith, Washington Senators P |
| 4 | CLA | Jack Pfiester, Boston Red Sox P |
| 5 | NEN | Matt Cain, Rookie P |
| 6 | CIN | Miller Huggins, St. Louis Cardinals 2B |
| 7 | CHA (From HMA) | B.J. Ryan, Montreal Expos P |
| 8 | DEA | Carl Mays, Chicago White Sox P |
| 9 | MIA | Reb Russell, Boston Braves P |
| 10 | NYN | Brian Giles, Pittsburgh Pirates OF |
| 11 | PHN | Dave Foutz, Pittsburgh Crawfords P |
| 12 | CHN | Jimmy Key, New York Yankees P |
| 13 | BRN | Allie Reynolds, Free Agent P |
| 14 | BAA | Wilbur Cooper, Free Agent P |
| 15 | PIA | Damaso Marte, Rookie P |
| 16 | PIN |
Cupid Childs, Indianapolis ABCs 2B |
| 17 | INN |
Nap Rucker, Boston Braves P |
| 18 | NYA |
Bob Locker, Free Agent P |
| 19 | MON |
Leroy Matlock, Free Agent P |
| 20 | BOA |
Steve Gromek, Free Agent P |
| 21 | SLN |
George Selkirk, Free Agent OF |
| 22 | CHA |
Scott Linebrink, Rookie P |
| 23 | WAA |
Urban Shocker, Free Agent P |
| 24 | BON | Mike Garcia, Free Agent P |
| Round 2 | |
|
| 25 | PHA | Rick Sutcliffe, Free Agent P |
| 26 | KCN |
George Mogridge, Washington Senators P |
| 27 | SEA |
Ted Trent, Free Agent P |
| 28 | CLA |
Catfish Hunter, Free Agent P |
| 29 | NEN |
Nick Altrock, Free Agent P |
| 30 | CIN | Tom Glavine, Free Agent P |
| 31 | HMA | Carlton Fisk, Free Agent C |
| 32 | DEA | Glenn Wright, Free Agent SS |
| 33 | MIA | Slim Sallee, Free Agent P |
| 34 | NYA (from NYN) | Chien-Ming Wang, Rookie P |
35 | PHN | Dick Hall, Free Agent P | | 36 | CHN | Mel Stottlemyre, Free Agent P |
| 37 | BRN | Orlando Hudson, Rookie 2B |
| 38 | BAA | Kirby Puckett, Free Agent OF |
| 39 | PIA | Dizzy Trout, Free Agent P |
| 40 | PIN | Deacon White, Free Agent 3B |
| 41 | INN | Al Reyes, Free Agent P |
| 42 | NYA | Gregg Olson, Free Agent P |
| 43 | MON | Justin Verlander, Rookie P |
| 44 | BOA | Don McMahon, Free Agent P |
| 45 | SLN | Eddie Stanky, Free Agent 2B |
| 46 | MON (From CHA) | Preacher Roe, Free Agent P |
| 47 | WAA | Bobby Shantz, Free Agent P |
| 48 | BON | Red Lucas, Free Agent P |
| Round 3 | | |
| 49 | PHA | Phil Cockrell, Free Agent P |
| 50 | BON (From KCN) | Vida Blue, Free Agent P |
| 51 | SEA | Russ Ford, Free Agent P |
| 52 | CLA | Larry Bowa, Free Agent SS |
| 53 | NEN | Brandon Phillips, Free Agent 2B |
| 54 | CIN | Eric Davis, Free Agent OF |
| 55 | BON (From HMA) | Kal Daniels, Free Agent OF |
| 56 | DEA | Dan Plesac, Free Agent P |
| 57 | MIA | Alfonso Soriano, Free Agent 2B/OF |
| 58 | NYN | Felix Hernandez, Rookie P |
| 59 | PHN | Carl Crawford, Rookie OF |
| 60 | CHN | Cal Ripken Jr., Free Agent SS |
| 61 | BRN | Bubbles Hargrave, Free Agent C |
| 62 | BAA | Gil McDougald, Free Agent IF |
| 63 | PIA | Todd Worrell, Free Agent P |
| 64 | BON (From PIN) | Eppa Rixey, Free Agent P |
| 65 | INN | Mickey Haefner, Free Agent P |
| 66 | NYA | Buck Herzog, Free Agent IF |
| 67 | MON | Frank Howard, Free Agent OF |
| 68 | BOA | Billy Herman, Free Agent 2B |
| 69 | SLN | Jack McDowell, Free Agent P |
| 70 | CHA | Brian Shouse, Rookie P |
| 71 | WAA | Jamie Walker, Rookie P |
| 72 | BON | Andruw Jones, Free Agent OF |
| Round 4 |
|
|
| 73 | PHA | Ken Hill, Free Agent P |
| 74 | KCN | Roberto Hernandez, Free Agent P |
| 75 | SEA | Rico Petrocelli, Free Agent IF |
| 76 | INN (From CLA) | Ray Schalk, Free Agent C |
| 77 | INN (From NEN) | David Riske, Free Agent P |
| 78 | CIN | Tony Fernandez, Free Agent IF |
| 79 | HMA | Brian Roberts, Free Agent 2B |
| 80 | DEA | Jason Isringhausen, Free Agent P |
| 81 | MIA | Darryl Strawberry, Free Agent OF |
| 82 | NYN | Julio Franco, Free Agent SS |
| 83 | PHN | Fred Lynn, Free Agent OF |
| 84 | CHN | Derrek Lee, Free Agent 1B |
| 85 | BRN | Rich Hill, Rookie P |
| 86 | BAA | Fritz Clausen, Free Agent P |
| 87 | PIA | Johnny Temple, Free Agent IF |
| 88 | PIN | Ned Garvin, Free Agent P |
| 89 | INN | Claude Hendrix, Free Agent P |
| 90 | NYA | Sam Rice, Free Agent OF |
| 91 | MON | Jim Gentile, Free Agent 1B |
| 92 | BOA | Maury Wills, Free Agent SS |
| 93 | SLN | Bill Doran, Free Agent 2B |
| 94 | CHA | Antonio Osuna, Free Agent P |
| 95 | WAA | Rich Garces, Free Agent P |
| 96 | BON | Dan Haren, Free Agent P |
| Round 5 | | |
| 97 | PHA | John Montefusco, Free Agent P |
| 98 | KCN | Ramon Hernandez, Free Agent P |
| 99 | SEA | Nellie Fox, Free Agent 2B |
| 100 | CLA | Willie Wilson, Free Agent OF |
| 101 | NEN | Lonny Frey, Free Agent 2B |
| 102 | CIN | Dave Parker, Free Agent OF |
| 103 | HMA | Gene Tenace, Free Agent C |
| 104 | DEA | Lance Parrish, Free Agent C |
| 105 | MIA | Dick McAuliffe, Free Agent 2B |
| 106 | NYN | Ervin Santana, Free Agent P |
| 107 | PHN | Jim Fregosi, Free Agent SS |
| 108 | CHN | Michael Young, Free Agent IF |
| 109 | BRN | Hippo Vaughn, Free Agent P |
| 110 | BAA | Wes Westrum, Free Agent C |
| 111 | PIA | Jay Howell, Free Agent P |
| 112 | PIN | Don Gullett, Free Agent P |
| 113 | INN | Otis Nixon, Free Agent OF |
| 114 | NYA | Atley Donald, Free Agent P |
| 115 | MON | Bill Madlock, Free Agent 3B |
| 116 | BOA | Ike Boone, Free Agent OF |
| 117 | SLN | Judy Johnson, Free Agent 3B |
| 118 | CHA | John Hiller, Free Agent P |
| 119 | WAA | Johnny Morrison, Free Agent P |
| 120 | BON | Solly Hemus, Free Agent IF |
| Round 6 | | |
| 121 | PHA | Elton Chamberlin, Free Agent P |
| 122 | KCN | Rap Dixon, Free Agent OF |
| 123 | SEA | Harvey Haddix, Free Agent P |
| 124 | CLA | Jesse Tannehill, Free Agent P |
| 125 | NEN | Phil Rizzuto, Free Agent SS |
| 126 | CIN | Mike Scioscia, Free Agent C |
| 127 | HMA | Wilbur Wood, Free Agent P |
| 128 | DEA | Eddie Joost, Free Agent SS |
| 129 | MIA | Adam Dunn, Free Agent OF/1B |
| 130 | NYN | Paul Shuey, Free Agent P |
| 131 | PHN | Spud Davis, Free Agent C |
| 132 | CHN | Pat Malone, Free Agent P |
| 133 | BRN | Barney McCosky, Free Agent OF |
| 134 | BAA | Bob Veale, Free Agent P |
| 135 | PIA | John Kruk, Free Agent 1B/OF |
| 136 | PIN | Will Clark, Free Agent 1B |
| 137 | INN | Rabbit Maranville, Free Agent SS |
| 138 | NYA | Monte Pearson, Free Agent P |
| 139 | MON | Tom Gorzelanny, Rookie P |
| 140 | BOA | Freddy Sanchez, Rookie IF |
| 141 | SLN | Travis Hafner, Rookie 1B |
| 142 | CHA | Frank Duncan, Free Agent C |
| 143 | WAA | Mike Griffin, Free Agent OF |
| 144 | INN (From BON) | Dave Bancroft, Free Agent SS |
| Round 7 | | |
| 145 | PHA | Bruce Kison, Free Agent P |
| 146 | SEA | Jimmy Wynn, Free Agent OF |
| 147 | KCN | Tom Ferrick, Free Agent P |
| 148 | CLA | Rafael Furcal, Free Agent SS |
| 149 | NEN | Boog Powell, Free Agent 1B |
| 150 | CIN | Bob Welch, Free Agent P |
| 151 | HMA | Rico Carty, Free Agent OF |
| 152 | DEA | Scott Baker, Rookie P |
| 153 | MIA | Al Oliver, Free Agent 1B/OF |
| 154 | NYN | Kip Selbach, Free Agent OF |
| 155 | PHN | Mario Soto, Free Agent P |
| 156 | CHN | Jose Cruz, Free Agent OF |
| 157 | BRN | Pinky Whitney, Free Agent 3B |
| 158 | BAA | Billy Cox, Free Agent IF |
| 159 | PIA | Nat Hudson, Free Agent P |
| 160 | PIN | Steve Garvey, Free Agent 1B |
| 161 | INN | Harry Hooper, Free Agent OF |
| 162 | NYA | Shorty Fuller, Free Agent SS |
| 163 | MON | Fred Pfeffer, Free Agent 2B |
| 164 | BOA | Roger McDowell, Free Agent P |
| 165 | SLN | Ben Sheets, Free Agent P |
| 166 | CHA | Pepper Martin, Free Agent 3B |
| 167 | WAA | Yank Robinson, Free Agent IF |
| 168 | BON | Merv Rettenmund, Free Agent OF |
| Round 8 | | |
| 169 | PHA | Cy Morgan, Free Agent P |
| 170 | SEA | Wally Judnich, Free Agent OF |
| 171 | KCN | Johnny Beazley, Free Agent P |
| 172 | CLA | Duke Farrell, Free Agent C |
| 173 | NEN | Heinie Zimmerman, Free Agent 3B |
| 174 | KCN (From CIN) | Bill Carrigan, Free Agent C |
| 175 | HMA | Topsy Hartsel, Free Agent OF |
| 176 | DEA | Zack Greinke, Free Agent P |
| 177 | MIA | Vince Coleman, Free Agent OF |
| 178 | NYN | Jim McTamany, Free Agent OF |
| 179 | PHN | Toby Harrah, Free Agent 3B |
| 180 | CHN | Jack Taylor, Free Agent P |
| 181 | BRN | Frank McCormick, Free Agent 1B |
| 182 | BAA | Vic Power, Free Agent 1B |
| 183 | PIA | Manny Sanguillen, Free Agent C |
| 184 | PIN | Tug McGraw, Free Agent P |
| 185 | INN | Frank White, Free Agent 2B |
| 186 | NYA | Don Money, Free Agent 3B |
| 187 | MON | Johnny Kling, Free Agent C |
| 188 | BOA | Matty Alou, Free Agent OF |
| 189 | SLN | Shanty Hogan, Free Agent C |
| 190 | CHA | Augie Galan, Free Agent OF |
| 191 | WAA | Ben Taylor, Free Agent 1B |
| 192 | BON | Fred Jacklitsch, Free Agent C |
| Round 9 | | |
| 193 | PHA | Donovan Osborne, Free Agent P |
| 194 | KCN | Freddie Fitzsimmons, Free Agent P |
| 195 | CLA | Steve O'Neill, Free Agent C |
| 196 | NEN | Bill Mueller, Free Agent 3B |
| 197 | HMA | Jimmy Piersall, Free Agent OF |
| 198 | DEA | Tony Conigliaro, Free Agent OF |
| 199 | MIA | Andy Stankiewicz, Free Agent IF |
| 200 | NYN | Jack Crooks, Free Agent 2B |
| 201 | PHN | Johnny Broaca, Free Agent P |
| 202 | CHN | Bill Burns, Free Agent P |
| 203 | BRN | Zeke Bonura, Free Agent 1B |
| 204 | BAA | Fernando Valenzuela, Free Agent P |
| 205 | PIA | Socks Seybold, Free Agent OF |
| 206 | PIN | Jimmy Sheckard, Free Agent OF |
| 207 | NYA | Lave Cross, Free Agent 3B/C |
| 208 | MON | Dave Dravecky, Free Agent P |
| 209 | BOA | Felipe Alou, Free Agent OF |
| 210 | SLN | Jack Wilson, Free Agent SS |
| 211 | CHA | Ellis Kinder, Free Agent P |
| 212 | WAA | Tom York, Free Agent OF |
| 213 | BON | Otto Knabe, Free Agent 2B |
| Round 10 | | |
| 214 | PHA | Matt Keough, Free Agent P |
| 215 | KCN | Snuffy Stirnweiss, Free Agent 2B |
| 216 | CLA | Justin Speier, Free Agent P |
| 217 | NEN | Fred McGriff, Free Agent 1B |
| 218 | HMA | Herman Long, Free Agent SS |
| 219 | DEA | Kirk Gibson, Free Agent OF |
| 220 | NYN | Pokey Reese, Free Agent IF |
| 221 | PHN | Sonny Seibert, Free Agent P |
| 222 | CHN | Carl Lundgren, Free Agent P |
| 223 | BRN | Tom Niedenfuer, Free Agent P |
| 224 | BAA | Burgess Whitehead, Free Agent IF |
| 225 | PIA | Jerry Koosman, Free Agent P |
| 226 | PIN | Earl Smith, Free Agent C |
| 227 | NYA | Sadie McMahon, Free Agent P |
| 228 | MON | Eric Chavez, Free Agent 3B |
| 229 | MON (From BOA) | Ben Paschal, Free Agent OF |
| 230 | SLN | Ray Blades, Free Agent OF |
| 231 | CHA | Scott Radinsky, Free Agent P |
| 232 | WAA | Kid Elberfeld, Free Agent SS |
| Round 11 | | |
| 233 | PHA | Phenomenal Smith, Free Agent P |
| 234 | KCN | Greg Luzinski, Free Agent OF |
| 235 | NEN | Bill Nicholson, Free Agent OF |
| 236 | HMA | Jose Cardenal, Free Agent OF |
| 237 | PIA | Paul Assenmacher, Free Agent P |
| 238 | PIN | Chief Meyers, Free Agent C |
| 239 | NYA | Paul O'Neill, Free Agent OF |
| 240 | MON | Sixto Lezcano, Free Agent OF |
| 241 | BOA | Jesus Alou, Free Agent OF |
| 242 | SLN | Mike Lavalliere, Free Agent C |
| 243 | CHA | Sam Wise, Free Agent SS |
| 244 | WAA | John Clapp, Free Agent C |
| Round 12 | | |
| 245 | PHA | Jack Scott, Free Agent P |
| 246 | KCN | Don Buford, Free Agent OF |
| 247 | HMA | David Wells, Free Agent P |
| 248 | PIN | Al Dark, Free Agent IF |
| 249 | MON | Hank Aguirre, Free Agent P |
| 250 | CHA | Fats Jenkins, Free Agent OF |
| 251 | WAA | Rex Hudler, Free Agent 2B |
| Round 13 | | |
| 252 | PHA | Tim Stoddard, Free Agent P |
| 253 | PIN | Freddy Lindstrom, Free Agent 3B |
| 254 | CHA | Lee Grissom, Free Agent P |
| Round 14 | | |
| 255 | BOA | Brian Harper, Free Agent C |
| Last Chance | | |
| 256 | PHA | Morrie Martin, Free Agent P (PHA cuts Cy Morgan, P) |
| 257 | CLA | Bob Boone, Free Agent C (CLA cuts Duke Farrell, C) |