| ROUND: 1 | 2 | |||||||
| Round 1 | |||||||
| No. | Team | Player | Pos. | Last team | League | Nationality | |
| 1. | Buffalo | Dave Snuggerud | LW | Minnesota | WCHA | USA | |
| 2. | New Jersey | John Walker | LW | N. Alberta Tech (NAIT) | ACAC | Germany | |
| 3. | Vancouver | Steve Johnson | RW | North Dakota | WCHA | USA | |
| 4. | Minnesota | Shawn Chambers | D | Alaska-Fairbanks | NCAA | USA | |
| 5. | Pittsburgh | Dan Shea | LW | Boston College | Hockey East | USA | |
| NOTE: First round limited to the five teams that had not qualified for 1987 playoffs. | |||||||
