26 of the 28 teams existing in the league at the time of the draft were each allowed to protect either one goaltender, five defensemen, and nine forwards or two goaltenders, three defensemen, and seven forwards. The Atlanta Thrashers and Nashville Predators had their entire rosters protected, as they were the two newest franchises in the league, only being in existence for one and two years respectively.
For teams protecting only one goaltender, there was no experience requirement for those left unprotected. For teams protecting two goaltenders, each goaltender left unprotected must have appeared in either 10 NHL games in the 1999–2000 seasonor 25 games in the 1998–99 season and 1999–2000 seasons combined. A goaltender had to be in net for at least 31 minutes in each game for the game to be counted against these totals.
At least one defenseman left unprotected by each team had to have appeared in at least 40 games in the 1999–2000 seasonor 70 games in the 1998–99 season and 1999–2000 seasons combined. At least two forwards left unprotected by each team had to have met the same requirements.
Fifty-two players were chosen in the draft; each previously existing team lost two players, and both expansion teams filled a roster of twenty-six players. Only one goaltender or one defenseman could be selected from each franchise. Both the Blue Jackets and the Wild were to use their first 24 selections on three goaltenders, eight defensemen, and thirteen forwards. The final two picks for each team could be any position.
In return for agreeing not to select certain unprotected players, the Blue Jackets and Wild were granted concessions by other franchises. The trades not involving Blue Jacket or Wild draft picks were booked as being for "future considerations":
San Jose traded Andy Sutton, a seventh-round pick (Peter Bartos) in the 2000 Entry Draft and a third-round pick (later traded to Columbus - (Aaron Johnson)) in the 2001 Entry Draft to Minnesota on June 11, 2000, for an eighth-round pick in the 2000 Entry Draft after the Wild agreed not to select Evgeni Nabokov.
Post-draft
Several of the players selected by the Blue Jackets and Wild in the Expansion Draft did not stay with the teams long after the draft. In fact, several players were traded later in the same day:
Columbus
Turner Stevenson (traded to New Jersey to complete an earlier transaction)