The Thrashers were to select 26 players, one from each existing franchise (except for the Nashville Predators) at the time of the draft.
Teams which lost goaltenders in the 1998 NHL expansion draft (Anaheim, Los Angeles, Montreal, New Jersey and the New York Rangers) could not lose a goaltender in the 1999 draft.
[1] The Thrashers were to choose at least three goaltenders, eight defensemen, and thirteen forwards.
These results are numbered 1–26 for aesthetic purposes, but the players were not necessarily chosen in this order.
In return for agreeing not to select certain unprotected players, the Thrashers were granted concessions by other franchises.