Round 1 (28 picks)
| Pick | Team | Player | Pos | Ht/Wt | School | Level | Class |
|---|---|---|---|---|---|---|---|
| 1 | HOU | Yao Ming | C | 7-6 / 295 | — | International | — |
| 2 | CHI | Jay Williams | PG | 6-2 / 195 | Duke | College | Junior |
| 3 | GSW | Mike Dunleavy | — | — | Duke | College | — |
| 4 | MEM | Drew Gooden | PF | 6-10 / 230 | Kansas | College | Junior |
| 5 | DEN | Nikoloz Tskitishvili | — | — | — | International | — |
| 6 | CLE | Dajuan Wagner | SG | 6-2 / 200 | Memphis | College | Freshman |
| 7 | NYK | Nenê | — | — | — | International | — |
| 8 | LAC | Chris Wilcox | PF | 6-10 / 220 | Maryland | College | Sophomore |
| 9 | PHO | Amar'e Stoudemire | — | — | — | High School | — |
| 10 | MIA | Caron Butler | SF | 6-7 / 235 | Connecticut | College | Sophomore |
| 11 | WAS | Jared Jeffries | SF | 6-11 / 220 | Indiana | College | Sophomore |
| 12 | LAC | Melvin Ely | PF | 6-10 / 255 | Fresno State | College | Senior |
| 13 | MIL | Marcus Haislip | PF | 6-10 / 230 | Tennessee | College | Junior |
| 14 | IND | Fred Jones | SG | 6-4 / 209 | Oregon | College | Senior |
| 15 | HOU | Boštjan Nachbar | SF | 6-9 / 220 | — | International | — |
| 16 | PHI | Jiří Welsch | SG | 6-7 / 205 | — | International | — |
| 17 | WAS | Juan Dixon | SG | 6-3 / 165 | Maryland | College | Senior |
| 18 | ORL | Curtis Borchardt | C | 7-0 / 238 | Stanford | College | Junior |
| 19 | UTA | Ryan Humphrey | PF | 6-8 / 223 | Notre Dame | College | Senior |
| 20 | TOR | Kareem Rush | SG | 6-6 / 214 | Missouri | College | Junior |
| 21 | POR | Qyntel Woods | SG | 6-9 / 230 | Northeast Mississippi CC | College | Sophomore |
| 22 | PHO | Casey Jacobsen | SG | 6-6 / 215 | Stanford | College | Junior |
| 23 | DET | Tayshaun Prince | SF | 6-8 / 215 | Kentucky | College | Senior |
| 24 | NJN | Nenad Krstić | PF | 6-11 / 210 | — | International | — |
| 25 | DEN | Frank Williams | PG | 6-3 / 205 | Illinois | College | Junior |
| 26 | SAS | John Salmons | SG | 6-7 / 200 | Miami | College | Senior |
| 27 | LAL | Chris Jefferies | SF | 6-8 / 220 | Fresno State | College | Junior |
| 28 | SAC | Dan Dickau | PG | 6-0 / 170 | Gonzaga | College | Senior |
Round 2 (29 picks)
| Pick | Team | Player | Pos | Ht/Wt | School | Level | Class |
|---|---|---|---|---|---|---|---|
| 30 | GSW | Steve Logan | PG | 6-0 / 196 | Cincinnati | College | Senior |
| 31 | CHI | Roger Mason | — | — | Virginia | College | — |
| 32 | MEM | Robert Archibald | PF | 6-11 / 250 | Illinois | College | Senior |
| 33 | DEN | Vincent Yarbrough | SF | 6-7 / 202 | Tennessee | College | Senior |
| 34 | MIL | Dan Gadzuric | C | 6-11 / 245 | UCLA | College | Senior |
| 35 | CLE | Carlos Boozer | PF | 6-9 / 258 | Duke | College | Junior |
| 36 | NYK | Milos Vujanic | PG | 6-3 / 178 | — | International | — |
| 37 | ATL | David Andersen | PF | 6-11 / 240 | — | International | — |
| 38 | HOU | Tito Maddox | PG | 6-4 / 190 | Fresno State | College | Junior |
| 39 | WAS | Rod Grizzard | SG | 6-8 / 205 | Alabama | College | Junior |
| 40 | WAS | Juan Carlos Navarro | SG | 6-4 / 170 | — | International | — |
| 41 | LAC | Mario Kasun | C | 7-1 / 260 | — | International | — |
| 42 | MIL | Ronald Murray | SG | 6-4 / 190 | Shaw | College | Senior |
| 43 | POR | Jason Jennings | C | 7-0 / 250 | Arkansas State | College | Senior |
| 44 | CHI | Lonny Baxter | PF | 6-8 / 264 | Maryland | College | Senior |
| 45 | PHI | Sam Clancy | PF | 6-7 / 240 | Southern California | College | Senior |
| 46 | MEM | Matt Barnes | SF | 6-7 / 230 | UCLA | College | Senior |
| 47 | UTA | Jamal Sampson | PF | 7-0 / 240 | California | College | Freshman |
| 48 | MIL | Chris Owens | SF | 6-8 / 245 | Texas | College | Senior |
| 49 | SEA | Peter Fehse | SF | 6-11 / 205 | — | International | — |
| 50 | BOS | Darius Songaila | PF | 6-10 / 240 | Wake Forest | College | Senior |
| 51 | POR | Federico Kammerichs | SF | 6-8 / 225 | — | International | — |
| 52 | MIN | Marcus Taylor | PG | 6-3 / 195 | Michigan State | College | Sophomore |
| 53 | MIA | Rasual Butler | SF | 6-8 / 198 | LaSalle | College | Senior |
| 54 | NJN | Tamar Slay | SG | 6-9 / 210 | Marshall | College | Senior |
| 55 | DAL | Mladen Sekularac | SF | 6-8 / 210 | — | International | — |
| 56 | SAS | Luis Scola | PF | 6-9 / 230 | — | International | — |
| 57 | SAS | Randy Holcomb | SF | 6-9 / 219 | San Diego State | College | Senior |
| 58 | SAC | Corsley Edwards | PF | 6-9 / 295 | Central Connecticut | College | Senior |
★ = Basketball Hall of Fame