Round 1 (27 picks)
| Pick | Team | Player | Pos | Ht/Wt | School | Level | Class |
|---|---|---|---|---|---|---|---|
| 1 | ORL | Shaquille O'Neal | C | 7-1 / 301 | Louisiana State | College | Junior |
| 2 | CHH | Alonzo Mourning | C | 6-10 / 240 | Georgetown | College | Senior |
| 3 | MIN | Christian Laettner | PF | 6-11 / 235 | Duke | College | Senior |
| 4 | DAL | Jim Jackson | — | — | Ohio State | College | — |
| 5 | DEN | LaPhonso Ellis | PF | 6-8 / 240 | Notre Dame | College | Senior |
| 6 | WSB | Tom Gugliotta | PF | 6-10 / 240 | N.C. State | College | Senior |
| 7 | SAC | Walt Williams | SF | 6-8 / 220 | Maryland | College | Senior |
| 8 | MIL | Todd Day | SG | 6-8 / 200 | Arkansas | College | Senior |
| 9 | PHI | Clarence Weatherspoon | PF | 6-6 / 240 | Southern Miss | College | Senior |
| 10 | ATL | Adam Keefe | PF | 6-9 / 241 | Stanford | College | Senior |
| 11 | HOU | Robert Horry | SF | 6-9 / 220 | Alabama | College | Senior |
| 12 | MIA | Harold Miner | SG | 6-5 / 210 | Southern California | College | Junior |
| 13 | DEN | Bryant Stith | SG | 6-5 / 208 | Virginia | College | Senior |
| 14 | IND | Malik Sealy | SG/SF | 6-8 / 192 | St. Johns | College | Senior |
| 15 | LAL | Anthony Peeler | SG | 6-4 / 215 | Missouri | College | Senior |
| 16 | LAC | Randy Woods | PG | 6-0 / 185 | LaSalle | College | Senior |
| 17 | SEA | Doug Christie | SG | 6-6 / 200 | Pepperdine | College | Senior |
| 18 | SAS | Tracy Murray | SF | 6-8 / 225 | UCLA | College | Junior |
| 19 | DET | Don MacLean | PF | 6-10 / 240 | UCLA | College | Senior |
| 20 | NYK | Hubert Davis | SG | 6-5 / 183 | North Carolina | College | Senior |
| 21 | BOS | Jon Barry | SG | 6-5 / 195 | Georgia Tech | College | Senior |
| 22 | PHO | Oliver Miller | PF | 6-10 / 290 | Arkansas | College | Senior |
| 23 | MIL | Lee Mayberry | PG | 6-2 / 175 | Arkansas | College | Senior |
| 24 | GSW | Latrell Sprewell | SG | 6-5 / 190 | Alabama | College | Senior |
| 25 | LAC | Elmore Spencer | C | 7-0 / 270 | UNLV | College | Senior |
| 26 | POR | Dave Johnson | — | — | Syracuse | College | — |
| 27 | CHI | Byron Houston | PF | 6-7 / 250 | Oklahoma State | College | Senior |
Round 2 (27 picks)
| Pick | Team | Player | Pos | Ht/Wt | School | Level | Class |
|---|---|---|---|---|---|---|---|
| 28 | MIN | Marlon Maxey | PF | 6-8 / 250 | Texas-El Paso | College | Senior |
| 29 | NJN | P.J. Brown | — | 6-11 / 225 | Louisiana Tech | College | Senior |
| 30 | DAL | Sean Rooks | PF | 6-10 / 250 | Arizona | College | Senior |
| 31 | POR | Reggie Smith | PF | 6-10 / 240 | TCU | College | Senior |
| 32 | WSB | Brent Price | PG | 6-1 / 165 | Oklahoma | College | Senior |
| 33 | CHI | Corey Williams | SG | 6-2 / 190 | Oklahoma State | College | Senior |
| 34 | MIN | Chris Smith | SG | 6-3 / 191 | Connecticut | College | Senior |
| 35 | CHH | Tony Bennett | PG | 6-0 / 175 | Wisconsin-Green Bay | College | Senior |
| 36 | LAL | Duane Cooper | PG | 6-1 / 185 | Southern California | College | Senior |
| 37 | MIA | Isaiah Morris | PF | 6-8 / 228 | Arkansas | College | Senior |
| 38 | ATL | Elmer Bennett | PG | 6-1 / 172 | Notre Dame | College | Senior |
| 39 | CHI | Litterial Green | PG | 6-0 / 185 | Georgia | College | Senior |
| 40 | NJN | Steve Rogers | SG | 6-5 / 190 | Alabama State | College | Senior |
| 41 | HOU | Popeye Jones | — | — | Murray State | College | — |
| 42 | MIA | Matt Geiger | C | 7-1 / 251 | Georgia Tech | College | Senior |
| 43 | GSW | Sasha Danilović | — | — | — | International | — |
| 44 | SAS | Henry Williams | PG | 6-1 / 170 | Charlotte | College | Senior |
| 45 | SEA | Chris King | SF | 6-8 / 215 | Wake Forest | College | Senior |
| 46 | DEN | Robert Werdann | C | 6-11 / 250 | St. Johns | College | Senior |
| 47 | BOS | Darren Morningstar | PF | 6-10 / 235 | Pittsburgh | College | Senior |
| 48 | PHO | Brian Davis | SF | 6-7 / 200 | Duke | College | Senior |
| 49 | PHO | Ron Ellis | PF | 6-7 / 215 | Louisiana Tech | College | Senior |
| 50 | GSW | Matt Fish | C | 6-11 / 235 | UNC-Wilmington | College | Senior |
| 51 | MIN | Tim Burroughs | PF | 6-8 / 250 | Jacksonville | College | Senior |
| 52 | CHI | Matt Steigenga | SF | 6-7 / 225 | Michigan State | College | Senior |
| 53 | HOU | Curtis Blair | PG | 6-3 / 187 | Richmond | College | Senior |
| 54 | SAC | Brett Roberts | SF | 6-8 / 230 | Morehead State | College | Senior |
★ = Basketball Hall of Fame