Round 1 (29 picks)
| Pick | Team | Player | Pos | Ht/Wt | School | Level | Class |
|---|---|---|---|---|---|---|---|
| 1 | CLE | LeBron James | SG | 6-8 / 240 | — | High School | — |
| 2 | DET | Darko Miličić | PF | 7-0 / 245 | — | International | — |
| 3 | DEN | Carmelo Anthony | SF | 6-7 / 234 | Syracuse | College | Freshman |
| 4 | TOR | Chris Bosh | PF | 6-11 / 210 | Georgia Tech | College | Freshman |
| 5 | MIA | Dwyane Wade | SG | 6-5 / 212 | Marquette | College | Junior |
| 6 | LAC | Chris Kaman | C | 7-0 / 255 | Central Michigan | College | Junior |
| 7 | CHI | Kirk Hinrich | PG | 6-4 / 190 | Kansas | College | Senior |
| 8 | MIL | T.J. Ford | PG | 6-0 / 162 | Texas | College | Sophomore |
| 9 | NYK | Mike Sweetney | PF | 6-8 / 260 | Georgetown | College | Junior |
| 10 | WAS | Jarvis Hayes | SF | 6-7 / 220 | Georgia | College | Junior |
| 11 | GSW | Mickaël Piétrus | SG | 6-6 / 200 | — | International | — |
| 12 | SEA | Nick Collison | PF | 6-10 / 255 | Kansas | College | Senior |
| 13 | MEM | Marcus Banks | PG | 6-1 / 200 | UNLV | College | Senior |
| 14 | SEA | Luke Ridnour | PG | 6-2 / 175 | Oregon | College | Junior |
| 15 | ORL | Reece Gaines | SG | 6-6 / 185 | Louisville | College | Senior |
| 16 | BOS | Troy Bell | PG | 6-1 / 183 | Boston College | College | Senior |
| 17 | PHO | Žarko Čabarkapa | SF | 6-11 / 230 | — | International | — |
| 18 | NOH | David West | PF | 6-9 / 232 | Xavier | College | Senior |
| 19 | UTA | Sasha Pavlović | — | — | — | International | — |
| 20 | BOS | Dahntay Jones | SG | 6-6 / 210 | Duke | College | Senior |
| 21 | ATL | Boris Diaw | SF | 6-9 / 201 | — | International | — |
| 22 | NJN | Zoran Planinić | PG | 6-7 / 195 | — | International | — |
| 23 | POR | Travis Outlaw | SF | 6-8 / 190 | — | High School | — |
| 24 | LAL | Brian Cook | PF | 6-10 / 240 | Illinois | College | Senior |
| 25 | DET | Carlos Delfino | SG | 6-6 / 191 | — | International | — |
| 26 | MIN | Ndudi Ebi | SF | 6-9 / 202 | — | High School | — |
| 27 | MEM | Kendrick Perkins | PF | 6-10 / 280 | — | High School | — |
| 28 | SAS | Leandro Barbosa | — | — | — | International | — |
| 29 | DAL | Josh Howard | SF | 6-6 / 203 | Wake Forest | College | Senior |
Round 2 (29 picks)
| Pick | Team | Player | Pos | Ht/Wt | School | Level | Class |
|---|---|---|---|---|---|---|---|
| 30 | NYK | Maciej Lampe | SF | 7-0 / 240 | — | International | — |
| 31 | CLE | Jason Kapono | SF | 6-7 / 218 | UCLA | College | Senior |
| 32 | LAL | Luke Walton | SF | 6-8 / 245 | Arizona | College | Senior |
| 33 | MIA | Jerome Beasley | PF | 6-10 / 241 | North Dakota | College | Senior |
| 34 | LAC | Sofoklis Schortsanitis | PF | 6-10 / 255 | — | International | — |
| 35 | MIL | Szymon Szewczyk | PF | 6-10 / 240 | — | International | — |
| 36 | CHI | Mario Austin | PF | 6-8 / 265 | Mississippi State | College | Junior |
| 37 | ATL | Travis Hansen | SG | 6-6 / 200 | BYU | College | Senior |
| 38 | WAS | Steve Blake | PG | 6-3 / 175 | Maryland | College | Senior |
| 39 | NYK | Slavko Vraneš | C | 7-6 / 250 | — | International | — |
| 40 | GSW | Derrick Zimmerman | PG | 6-2 / 195 | Mississippi State | College | Senior |
| 41 | SEA | Willie Green | SG | 6-4 / 204 | Detroit Mercy | College | Senior |
| 42 | ORL | Zaza Pachulia | — | — | — | International | — |
| 43 | MIL | Keith Bogans | SG | 6-5 / 213 | Kentucky | College | Senior |
| 44 | HOU | Malick Badiane | PF | 6-11 / 230 | — | International | — |
| 45 | CHI | Matt Bonner | PF | 6-10 / 230 | Florida | College | Senior |
| 46 | DEN | Sani Bečirovič | SG | 6-4 / 194 | — | International | — |
| 47 | UTA | Mo Williams | — | — | Alabama | College | — |
| 48 | NOH | James Lang | PF | 6-9 / 305 | — | High School | — |
| 49 | IND | James Jones | SF | 6-8 / 225 | Miami | College | Senior |
| 50 | PHI | Paccelis Morlende | PG | 6-2 / 185 | — | International | — |
| 51 | NJN | Kyle Korver | SF | 6-7 / 210 | Creighton | College | Senior |
| 52 | TOR | Remon van de Hare | C | 7-2 / 220 | — | International | — |
| 53 | CHI | Tommy Smith | SF | 6-10 / 200 | Arizona State | College | Senior |
| 54 | POR | Nedžad Sinanović | C | 7-1 / 225 | — | International | — |
| 55 | MIN | Rick Rickert | PF | 6-11 / 216 | Minnesota | College | Sophomore |
| 56 | BOS | Brandon Hunter | PF | 6-8 / 260 | Ohio | College | Senior |
| 57 | DAL | Xue Yuyang | PF | 7-0 / 215 | — | International | — |
| 58 | DET | Andreas Glyniadakis | C | 7-1 / 280 | — | International | — |
★ = Basketball Hall of Fame