The draft order for the first round is determined by how the teams finished in the 2023 CEBL season, with the last-placed Montreal Alliance obtaining the 1st overall pick. Employing a "snake draft" format, the order is reversed in even-numbered rounds, and returns to the original order in odd-numbered rounds. The draft order for the first round was determined as follows:[3]
Several players selected in the draft later elected to leave their CEBL clubs in order to join NCAA Division I basketball teams. First overall pick Ismaël Diouf transferred to the NC State Wolfpack on June 24th, while fellow first round picks Elias Ralph and Malcolm Christie joined the Pacific Tigers and Oakland Golden Grizzlies, respectively.[4][5][6] Following the conclusion of the season, two-time CEBL Developmental Player of the Year Simon Hildebrandt of the Winnipeg Sea Bears, who was offered by the Oregon Ducks in 2023 but elected to remain in U Sports due to eligibility concerns, joined the High Point Panthers,[7] while Ottawa BlackJacks third-round pick Michael Kelvin II transferred to Oklahoma State for his final year of eligibility.[8]