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| Round | Pick | Overall | Team | Player | Pos | Country | Ht | Wt | Amateur League | Amateur Team |
| 3 | 1 | 53 | EDM | Corey Neilson | D | CAN | 6' 4" | 207 | OHL | North Bay Centennials |
| 3 | 5 | 57 | PIT | Sven Butenschon | D | DEU | 6' 4" | 215 | WHL | Brandon Wheat Kings |
| 3 | 11 | 63 | NYI | Jason Strudwick | D | CAN | 6' 4" | 226 | WHL | Kamloops Blazers |
| 3 | 12 | 64 | TOR | Freddy Modin | L | SWE | 6' 4" | 220 | Sweden | Sundsvall |
| 3 | 19 | 71 | NJD | Sheldon Souray | D | CAN | 6' 4" | 233 | WHL | Tri-City Americans |
| 3 | 21 | 73 | PIT | Greg Crozier | L | CAN | 6' 3" | 180 | Mass. | Lawrence Academy |
| 3 | 2 | 54 | MTL | Chris Murray | R | CAN | 6' 2" | 209 | WHL | Kamloops Blazers |
| 3 | 9 | 61 | QUE | Sebastien Bety | D | CAN | 6' 2" | 201 | QMJHL | Drummondville Voltigeurs |
| 3 | 17 | 69 | BUF | Rumun Ndur | D | NGA | 6' 2" | 225 | OHL | Guelph Storm |
| 3 | 4 | 56 | WIN | Dorian Anneck | C | CAN | 6' 1" | 183 | WHL | Victoria Cougars |
| 3 | 6 | 58 | WIN | Tavis Hansen | R | CAN | 6' 1" | 205 | WHL | Tacoma Rockets |
| 3 | 8 | 60 | EDM | Brad Symes | D | CAN | 6' 1" | 210 | WHL | Portland Winter Hawks |
| 3 | 10 | 62 | PHI | Artem Anisimov | D | RUS | 6' 1" | 187 | Russia | Kazan Itil |
| 3 | 13 | 65 | VAN | Chad Allan | D | CAN | 6' 1" | 195 | WHL | Saskatoon Blades |
| 3 | 23 | 75 | DET | Sean Gillam | D | CAN | 6' 1" | 187 | WHL | Spokane Chiefs |
| 3 | 15 | 67 | ANA | Craig Reichert | R | CAN | 6' 0" | 195 | WHL | Red Deer Rebels |
| 3 | 18 | 70 | MTL | Marko Kiprusoff | D | FIN | 6' 0" | 194 | FNL | TPS Turku |
| 3 | 22 | 74 | MTL | Martin Belanger | D | CAN | 6' 0" | 206 | QMJHL | Granby Bisons |
| 3 | 24 | 76 | PIT | Alexei Krivchenkov | D | RUS | 6' 0" | 185 | Russia | CSKA Moscow |
| 3 | 25 | 77 | CGY | Chris Clark | R | USA | 6' 0" | 191 | NEJHL | Springfield Olympics |
| 3 | 26 | 78 | NYR | Adam Smith | D | CAN | 6' 0" | 190 | WHL | Tacoma Rockets |
| 3 | 7 | 59 | LAK | Vitali Yachmenev | R | RUS | 5' 11" | 195 | OHL | North Bay Centennials |
| 3 | 16 | 68 | STL | Stephane Roy | C | CAN | 5' 10" | 173 | QMJHL | Val-d'Or Foreurs |
| 3 | 20 | 72 | QUE | Chris Drury | C | USA | 5' 10" | 191 | Conn. | Fairfield Prep. |
| 3 | 3 | 55 | TBL | Vadim Epanchintsev | C | RUS | 5' 9" | 165 | Russia | Moscow Spartak |
| 3 | 14 | 66 | SJS | Alexei Yegorov | R | RUS | 5' 9" | 174 | Russia | St. Petersburg SKA |
