The draft was held on May 1, 1967, so that the newly founded San Diego Rockets and Seattle SuperSonics could acquire players for the upcoming 1967–68 season.
Seattle and San Diego had been awarded the expansion teams on December 20, 1966, and January 11, 1967, respectively.
The Rockets, the 12th franchise in the NBA, were founded by Robert Breitbard.
[5] The Rockets' selections included three-time All-Star Johnny Green.
[6] The SuperSonics, the 11th franchise in the NBA, were founded by a group of investors led by Sam Schulman and Eugene Klein.