| pick | Pos | Name | Claimed From |
| Priority Picks | |||
| 1 | G | Dave Dryden | Buffalo Sabres |
| 2 | G | Rd Mio | Minnesota North Stars |
| 3 | C | Wayne Gretzky | Edmonton Oilers |
| 4 | RW | Bengt Gustafsson | Washington Capitals |
| Expansion Draft | |||
| 1 | G | Pete LoPresti | Minnesota North Stars |
| 2 | G | Doug Favell | Colorado Rockies |
| 3 | RW | Cam Connor | Montreal Canadiens |
| 4 | D | Lee Fogolin | Buffalo Sabres |
| 5 | D | Pat Price | New York Islanders |
| 6 | D | Colin Campbell | Pittsburg Penguins |
| 7 | D | Larry Brown | Los Angeles Kings |
| 8 | C | Ron Areshenkoff | Buffalo Sabres |
| 9 | D | Inge Hammarstrom | St Louis Blues |
| 10 | RW | John Gould | Atlanta Flames |
| 11 | D | Doug Hicks | Chicago Blackhawks |
| 12 | D | Tom Edur | Pittsburg Penguins |
| 13 | LW | Wayne Bianchin | Pittsburg Penguins |
| 14 | D | Mike Forbes | Boston Bruins |
| 15 | RW | Doug Patey | Washington Capitals |
| 16 | LW | Bob Kelly | Chicago Blackhawks |