| Round | Pick | Team | Dropped Player | NHL Team | Position | Picked Player | NHL Team |
| 1 | 1 | Ryan Miller | David Booth | TOR | F | Devante Smith-Pelly | ANA |
| 1 | 2 | Tony Dourado | Boone Jenner | CBJ | F | Anders Lee | NYI |
| 1 | 3 | Allan Scott | Sergei Gonchar | DAL | D | Michael Del Zotto | PHI |
| 1 | 4 | Allan Scott | Jeff Skinner | CAR | F | Kris Versteeg | CHI |
| 1 | 5 | Derek Wyllie | Sam Bennett | CAL | F | Pascal Dupuis | PIT |
| 1 | 6 | Allan Scott | Lubomir Visnovsky | NYI | D | Andrew Ference | EDM |
| 1 | 7 | Allan Scott | Kris Versteeg | CHI | F | Vincent Lecavalier | PHI |