The draft was held on June 24, 1995, so that the newly founded Toronto Raptors and Vancouver Grizzlies could acquire players for the upcoming 1995–96 season.
[2] The Raptors were formed and owned by a group headed by Toronto businessman John Bitove.
The Raptors used their first pick to select three-time NBA champion B. J. Armstrong from the Chicago Bulls.
However, Armstrong refused to report for training and was traded to the Golden State Warriors for five other players.
The Raptors' other selections included four-time NBA champion John Salley and six other former first-round picks, Doug Smith, Willie Anderson, Ed Pinckney, Acie Earl, B. J. Tyler and Oliver Miller.