The protected list for each team consisted of: As with the 1992 expansion draft, the order was determined by a coin toss.

Teams had to wait until after the draft or risk losing their newly acquired players because they were not on their protected lists.

The day prior to the expansion draft, they signed Jay Bell to a $34 million contract across five years.

[8] Two weeks following the draft, the Diamondbacks traded Fryman and Martin to the Indians for Matt Williams.

Both teams altered their initial plans of developing youth; the Devil Rays acquired future Hall of Famer Wade Boggs and pitcher Wilson Alvarez along with sluggers Jose Canseco, Vinny Castilla, and Greg Vaughn while the Diamondbacks added Randy Johnson, Curt Schilling, Luis Gonzalez, Todd Stottlemyre, Steve Finley, Armando Reynoso, Greg Swindell, Tony Womack, Mark Grace, Reggie Sanders, Craig Counsell and Greg Colbrunn.