On November 18, 1997 officials from the Arizona Diamondbacks and the Tampa Bay Devil Rays met at the Phoenix Convention Center where they would draft the teams that would take the field the following March. Below are the players who were selected in the 1997 Major League Baseball expansion draft along with the teams those players came from.
| Round 1 | |||
| Pick | Player Name | From | Team |
| 1. | Tony Saunders | Florida Marlins |  |
| 2. | Brian Anderson | Cleveland Indians |  |
| 3. | Jeff Suppan | Boston Red Sox | |
| 4. | Quinton McCracken | Colorado Rockies | |
| 5. | Gabe Alvarez | San Diego Padres | |
| 6. | Bob Abreu | Houston Astros | |
| 7. | Jorge Fabregas | Chicago White Sox | |
| 8. | Miguel Cairo | Chicago Cubs | |
| 9. | Karim Garcia | Los Angeles Dodgers | |
| 10. | Rich Butler | Toronto Blue Jays | |
| 11. | Edwin Diaz | Texas Rangers | |
| 12. | Bobby Smith | Atlanta Braves | |
| 13. | Cory Lidle | New York Mets | |
| 14. | Jason Johnson | Pittsburgh Pirates | |
| 15. | Joel Adamson | Milwaukee Brewers | |
| 16. | Dmitri Young | Cincinnati Reds | |
| 17. | Ben Ford | New York Yankees | |
| 18. | Esteban Yan | Baltimore Orioles | |
| 19. | Yamil Benitez | Kansas City Royals | |
| 20. | Mike Difelice | St. Louis Cardinals | |
| 21. | Neil Weber | Montreal Expos | |
| 22. | Bubba Trammell | Detroit Tigers | |
| 23. | Jason Boyd | Philadelphia Phillies | |
| 24. | Andy Sheets | Seattle Mariners | |
| 25. | Brent Brede | Minnesota Twins | |
| 26. | Dennis Springer | Anaheim Angels | |
| 27. | Tony Batista | Oakland Athletics | |
| 28. | Dan Carlson | San Francisco Giants | |
| Round 2 | |||
| Pick | Player Name | From | Team |
| 1. | Tom Martin | Houston Astros | |
| 2. | Brian Boehringer | New York Yankees | |
| 3. | Omar Daal | Toronto Blue Jays | |
| 4. | Mike Duvall | Florida Marlins | |
| 5. | Scott Winchester | Cincinnati Reds | |
| 6. | John LeRoy | Atlanta Braves | |
| 7. | Clint Sodowsky | Pittsburgh Pirates | |
| 8. | Jim Mecir | New York Yankees | |
| 9. | Danny Klassen | Milwaukee Brewers | |
| 10. | Bryan Rekar | Colorado Rockies | |
| 11. | Matt Drews | Detroit Tigers | |
| 12. | Rick Gorecki | Los Angeles Dodgers | |
| 13. | Todd Erdos | San Diego Padres | |
| 14. | Ramon Tatis | Chicago Cubs | |
| 15. | Chris Clemons | Chicago White Sox | |
| 16. | Kerry Robinson | St. Louis Cardinals | |
| 17. | David Dellucci | Baltimore Orioles | |
| 18. | Steve Cox | Oakland Athletics | |
| 19. | Damian Miller | Minnesota Twins | |
| 20. | Albie Lopez | Cleveland Indians | |
| 21. | Hector Carrasco | Kansas City Royals | |
| 22. | Jose Paniagua | Montreal Expos | |
| 23. | Hanley Frias | Texas Rangers | |
| 24. | Carlos Mendoza | New York Yankees | |
| 25. | Bob Wolcott | Seattle Mariners | |
| 26. | Bryan Karp | Philadelphia Phillies | |
| 27. | Mike Bell | Anaheim Angels | |
| 28. | Santos Hernandez | San Francisco Giants | |
| Round 3 | |||
| Pick | Player Name | From | Team |
| 1. | Joe Randa | Pittsburgh Pirates | |
| 2. | Randy Winn | Florida Marlins | |
| 3. | Jesus Martinez | Los Angeles Dodgers | |
| 4. | Terrell Wade | Atlanta Braves | |
| 5. | Russ Springer | Houston Astros | |
| 6. | Aaron Ledesma | Baltimore Orioles | |
| 7. | Bryan Corey | Detroit Tigers | |
| 8. | Brooks Kieschnick | Chicago Cubs | |
| 9. | Kelly Stinnett | Milwaukee Brewers | |
| 10. | Luke Wilcox | New York Yankees | |
| 11. | Chuck McElroy | Chicago White Sox | |
| 12. | Herbert Perry | Cleveland Indians | |
| 13. | Marty Janzen | Toronto Blue Jays | |
| 14. | Vaughn Eshelman | Oakland Athletics | |
