The 24 teams existing in the league at the time of the draft were each allowed to protect one goaltender, five defensemen, and nine forwards.
Both the Panthers and the Mighty Ducks were to select three goaltenders, eight defensemen, and thirteen forwards.
There was a second phase to the 1993 NHL expansion draft, in which the Tampa Bay Lightning, Ottawa Senators, and San Jose Sharks (the three expansion teams who joined the league in the two previous seasons) selected players from the Panthers and Mighty Ducks.
The Panthers and Mighty Ducks were allowed to protect one goaltender, five defensemen, and ten forwards.
* The Lightning, on the same day, traded Glenn Healy to the New York Rangers in exchange for a third-round pick in the 1993 NHL entry draft.