Round 1 (27 picks)
| Pick | Team | Player | Pos | Ht/Wt | School | Level | Class |
|---|---|---|---|---|---|---|---|
| 1 | CHH | Larry Johnson | PF | 6-7 / 250 | UNLV | College | Senior |
| 2 | NJN | Kenny Anderson | PG | 6-2 / 170 | Georgia Tech | College | Sophomore |
| 3 | SAC | Billy Owens | SF | 6-9 / 225 | Syracuse | College | Junior |
| 4 | DEN | Dikembe Mutombo | C | 7-2 / 245 | Georgetown | College | Senior |
| 5 | MIA | Steve Smith | SG | 6-7 / 200 | Michigan State | College | Senior |
| 6 | DAL | Doug Smith | PF | 6-10 / 220 | Missouri | College | Senior |
| 7 | MIN | Luc Longley | C | 7-2 / 265 | New Mexico | College | Senior |
| 8 | DEN | Mark Macon | SG | 6-5 / 185 | Temple | College | Senior |
| 9 | ATL | Stacey Augmon | SF | 6-8 / 205 | UNLV | College | Senior |
| 10 | ORL | Bison Dele | — | — | Arizona | College | — |
| 11 | CLE | Terrell Brandon | PG | 6-0 / 180 | Oregon | College | Junior |
| 12 | NYK | Greg Anthony | PG | 6-2 / 190 | UNLV | College | Senior |
| 13 | IND | Dale Davis | PF | 6-11 / 230 | Clemson | College | Senior |
| 14 | SEA | Rich King | C | 7-2 / 260 | Nebraska | College | Senior |
| 15 | ATL | Anthony Avent | PF | 6-10 / 235 | Seton Hall | College | Senior |
| 16 | GSW | Chris Gatling | PF | 6-10 / 220 | Old Dominion | College | Senior |
| 17 | GSW | Victor Alexander | PF | 6-9 / 265 | Iowa State | College | Senior |
| 18 | MIL | Kevin Brooks | SF | 6-8 / 210 | Louisiana-Lafayette | College | Senior |
| 19 | WSB | LaBradford Smith | PG | 6-3 / 200 | Louisville | College | Senior |
| 20 | HOU | John Turner | PF | 6-9 / 245 | Phillips | College | Senior |
| 21 | UTA | Eric Murdock | PG | 6-2 / 190 | Providence | College | Senior |
| 22 | LAC | LeRon Ellis | C | 6-11 / 225 | Syracuse | College | Senior |
| 23 | ORL | Stanley Roberts | C | 7-0 / 290 | Louisiana State | College | — |
| 24 | BOS | Rick Fox | SF | 6-7 / 230 | North Carolina | College | Senior |
| 25 | GSW | Shaun Vandiver | PF | 6-10 / 240 | Colorado | College | Senior |
| 26 | CHI | Mark Randall | PF | 6-11 / 235 | Kansas | College | Senior |
| 27 | SAC | Pete Chilcutt | PF | 6-10 / 230 | North Carolina | College | Senior |
Round 2 (27 picks)
| Pick | Team | Player | Pos | Ht/Wt | School | Level | Class |
|---|---|---|---|---|---|---|---|
| 28 | CHH | Kevin Lynch | SF | 6-5 / 195 | Minnesota | College | Senior |
| 29 | MIA | George Ackles | C | 6-9 / 215 | UNLV | College | Senior |
| 30 | ATL | Rodney Monroe | SG | 6-3 / 185 | N.C. State | College | Senior |
| 31 | SAC | Randy Brown | PG | 6-3 / 190 | New Mexico State | College | Senior |
| 32 | PHO | Chad Gallagher | PF | 6-10 / 255 | Creighton | College | Senior |
| 33 | DAL | Donald Hodge | C | 7-0 / 230 | Temple | College | Junior |
| 34 | MIN | Myron Brown | SG | 6-3 / 180 | Slippery Rock | College | Senior |
| 35 | DAL | Mike Iuzzolino | PG | 5-10 / 180 | St. Francis (Pa.) | College | Senior |
| 36 | ORL | Chris Corchiani | PG | 6-1 / 185 | N.C. State | College | Senior |
| 37 | LAC | Elliot Perry | PG | 6-0 / 150 | Memphis | College | Senior |
| 38 | LAC | Joe Wylie | PF | 6-9 / 210 | Miami | College | Senior |
| 39 | CLE | Jimmy Oliver | SG | 6-6 / 205 | Purdue | College | Senior |
| 40 | DET | Doug Overton | PG | 6-3 / 190 | LaSalle | College | Senior |
| 41 | IND | Sean Green | SG | 6-5 / 210 | Iona | College | Senior |
| 42 | SAC | Steve Hood | SF | 6-7 / 185 | James Madison | College | Senior |
| 43 | GSW | Lamont Strothers | SG | 6-4 / 180 | Christopher Newport | College | Senior |
| 44 | PHI | Alvaro Teheran | C | 7-1 / 235 | Houston | College | Senior |
| 45 | MIL | Bobby Phills | SG | 6-5 / 210 | Southern | College | Senior |
| 46 | PHO | Richard Dumas | SF | 6-7 / 200 | Oklahoma State | College | — |
| 47 | HOU | Keith Hughes | PF | 6-8 / 235 | Rutgers | College | Senior |
| 48 | UTA | Isaac Austin | C | 6-10 / 255 | Arizona State | College | Senior |
| 49 | SAS | Greg Sutton | SG | 6-2 / 170 | Oral Roberts | College | Senior |
| 50 | PHO | Joey Wright | SG | 6-3 / 185 | Texas | College | Senior |
| 51 | HOU | Žan Tabak | C | 7-0 / 245 | — | International | — |
| 52 | LAL | Anthony Jones | SF | 6-7 / 200 | Oral Roberts | College | Senior |
| 53 | NJN | Von McDade | SG | 6-4 / 185 | Wisconsin-Milwaukee | College | Senior |
| 54 | POR | Marcus Kennedy | PF | 6-7 / 235 | Eastern Michigan | College | Senior |
★ = Basketball Hall of Fame