| Round 1 |
| 1 | MNE | Juan Guzman | SP | TOR |
| 2 | NE | Terry Pendleton | 3B | ATL |
| 3 | SCR | Frank Thomas | 1B | CWS |
| 4 | COL | Mitch Williams | RP | PHI |
| 5 | ARK | Robin Ventura | 3B | CWS |
| 6 | AUS | Danny Tartabull | OF | KC |
| 7 | VAN | Tom Glavine | SP | ATL |
Round 2 |
| 8 | MNE | Kevin Tapani | SP | MIN |
| 9 | NE | Matt Nokes | C | NYY |
| 10 | SCR | John Smiley | SP | PIT |
| 11 | COL | Steve Avery | SP | ATL |
| 12 | ARK | Mark Langston | SP | CAL |
| 13 | AUS | Todd Frohwirth | RP | BAL |
| 14 | VAN | Wally Joyner | 1B | CAL |
Round 3 |
| 15 | MNE | Juan Berenguer | RP | MIN |
| 16 | NE | Willie Randolph | 2B | MIL |
| 17 | SCR | Jeff Bagwell | 1B | HOU |
| 18 | COL | Otis Nixon | OF | ATL |
| 19 | ARK | Chuck Knoblauch | 2B | MIN |
| 20 | AUS | Scott Erickson | SP | MIN |
| 21 | VAN | Jim Abbott | SP | CAL |
Round 4 |
| 22 | MNE | Chuck McElroy | RP | PHI |
| 23 | NE | Billy Spiers | OF | HOU |
| 24 | SCR | Scott Radinsky | RP | CWS |
| 25 | COL | Bill Gullickson | SP | DET |
| 26 | ARK | Bill Wegman | SP | MIL |
| 27 | AUS | Mickey Tettleton | C | DET |
| 28 | VAN | Terry Steinbach | C | OAK |
Round 5 |
| 29 | MNE | Tom Pagnazzi | C | STL |
| 30 | NE | Benito Santiago | C | SD |
| 31 | SCR | Greg Olson | C | ATL |
| 32 | COL | Jay Bell | SS | PIT |
| 33 | ARK | Mark Eichhorn | RP | CAL |
| 34 | AUS | Ivan Calderon | OF | CWS |
| 35 | VAN | Hal Morris | 1B | CIN |
Round 6 |
| 36 | MNE | Lou Whitaker | 2B | DET |
| 37 | NE | Bill Swift | SP | SF |
| 38 | SCR | Randy Tomlin | SP | PIT |
| 39 | COL | Carlos Quintana | 1B | BOS |
| 40 | ARK | Bret Saberhagen | SP | KC |
| 41 | AUS | John Habyan | RP | NYY |
| 42 | VAN | Jimmy Key | SP | TOR |
Round 7 |
| 43 | MNE | Don Mattingly | 1B | NYY |
| 44 | NE | Alex Cole | OF | CLE |
| 45 | SCR | Jeff Russell | RP | TEX |
| 46 | COL | Shane Mack | OF | MIN |
| 47 | ARK | Jeff Gray | RP | BOS |
| 48 | AUS | Pete Harnisch | SP | HOU |
| 49 | VAN | Travis Fryman | SS | DET |
Round 8 |
| 50 | MNE | Jeff Blauser | SS | ATL |
| 51 | NE | Tim Belcher | SP | LA |
| 52 | SCR | Felix Jose | OF | STL |
| 53 | COL | Joe Hesketh | RP | BOS |
| 54 | ARK | Chris Bosio | SP | MIL |
| 55 | AUS | Carlos Baerga | 2B | CLE |
| 56 | VAN | Mike Flanagan | RP | BAL |
Round 9 |
| 57 | MNE | Mike Morgan | SP | LA |
| 58 | NE | Alejandro Pena | RP | ATL |
| 59 | SCR | Jose Guzman | SP | TEX |
| 60 | COL | Tommy Greene | SP | PHI |
| 61 | ARK | Bill Pecota | 2B | KC |
| 62 | AUS | Joey Hamilton | SP | SD |
| 63 | VAN | Jose DeLeon | SP | STL |
Round 10 |
| 64 | MNE | Albert Belle | OF | CLE |
| 65 | NE | Ken Patterson | RP | CWS |
| 66 | SCR | Juan Gonzalez | OF | TEX |
| 67 | COL | Todd Stottlemyre | SP | TOR |
| 68 | ARK | Brian McRae | OF | KC |
| 69 | AUS | Melido Perez | SP | CWS |
| 70 | VAN | Kent Mercker | RP | ATL |
Round 11 |
| 71 | MNE | Mike Henneman | RP | DET |
| 72 | NE | Felix Fermin | SS | CLE |
| 73 | SCR | Don Pall | RP | CWS |
| 74 | COL | Jim Gantner | 2B | MIL |
| 75 | ARK | Jack McDowell | SP | CWS |
| 76 | AUS | Tom Candiotti | SP | TOR |
| 77 | VAN | Tony Phillips | 2B | DET |
Round 12 |
| 78 | MNE | Jeff Montgomery | RP | KC |
| 79 | NE | Dave Martinez | OF | CWS |
| 80 | SCR | Carl Willis | RP | MIN |
| 81 | COL | Paul O'Neill | OF | CIN |
| 82 | ARK | Mike Maddux | RP | SD |
| 83 | AUS | Jeff Fassero | RP | MTL |
| 84 | VAN | Jeff Innis | RP | NYM |
Round 13 |
| 85 | MNE | Todd Zeile | 3B | STL |
| 86 | NE | Jody Reed | 2B | BOS |
| 87 | SCR | Casey Candaele | 2B | HOU |
| 88 | COL | Mike Timlin | RP | TOR |
| 89 | ARK | Ray Lankford | OF | STL |
| 90 | AUS | Larry Walker | OF | MTL |
| 91 | VAN | Marquis Grissom | OF | MTL |
Round 14 |
| 92 | MNE | Mel Hall | OF | NYY |
| 93 | NE | Mike Pagliarulo | 3B | MIN |
| 94 | SCR | Steve Finley | OF | HOU |
| 95 | COL | Chili Davis | DH | MIN |
| 96 | ARK | Kevin Reimer | OF | TEX |
| 97 | AUS | Chris Nabholz | SP | MTL |
| 98 | VAN | Milt Cuyler | OF | DET |
Round 15 |
| 99 | MNE | Joe Orsulak | OF | BAL |
| 100 | NE | Kevin Appier | SP | KC |
| 101 | SCR | Omar Olivares | SP | STL |
| 102 | COL | Orlando Merced | 1B | PIT |
| 103 | ARK | Mike Stanton | RP | ATL |
| 104 | AUS | Kevin Maas | 1B | NYY |
| 105 | VAN | Bob MacDonald | RP | TOR |
Expansion Round |
| 106 | SCR | John Olerud | 1B | TOR |
| 107 | SCR | Greg Gagne | SS | MIN |
| 108 | SCR | Alex Fernandez | SP/TD> | CWS |
| 109 | SCR | Stan Belinda | RP | PIT |
| 110 | SCR | John Smoltz | SP | ATL |
| 111 | SCR | Lance Johnson | OF | CWS |
| 112 | SCR | Wes Chamberlain | OF | PHI |
| 113 | SCR | Robby Thompson | 2B | SF |
| 114 | SCR | Leo Gomez | 3B | BAL |
| 115 | SCR | Luis Rivera | SS | BOS |
| 116 | SCR | Luis Sojo | 2B | CAL |
| 117 | SCR | Greg Vaughn | OF | MIL |
| 118 | SCR | Mike Hartley | RP | CUB |
| 119 | SCR | Jose Melendez | RP | MIL |
| 120 | SCR | Brian Barnes | SP | MTL |
|