Established 1992
Draft Picks
| 1992 Prospect Draft | 1992 Entry Draft | ||||
| Round 1 | Round 2 | ||||
| Pick | Team | Player | Pick | Team | Player |
| 1 | Ice Dogs | Eric Lindros | 1 | Skunks | Roman Hamerlik |
| 2 | Lady Luck | John MacLean | 2 | Slapshots | Chad Penney |
| 3 | Cowboys | Cam Neely | 3 | Broad St. Bullies | Dmitri Kvartalnov |
| 4 | Screaming Eagles | Scott Niedermayer | 4 | Hitmen | Grant Marshal |
| 5 | Dazed & Confused | Jiri Slegr | 5 | Ice Dogs | Valeri Bure |
| 6 | Putrats | Ray Whitney | 6 | Young Guns | Tuomas Gronman |
| 7 | Sag Baggers | Trevor Kidd | 7 | Avengers | Keli Corpse |
| 8 | Crash N' Burn | Alexei Kovalev | 8 | Blindside | Todd Warriner |
| 9 | Blasters | Teemu Selanne | 9 | Hurricanes | Mike Rathje |
| 10 | Young Guns | Phillipe Boucher | 10 | Screaming Eagles | Ryan Sittler |
| 11 | Die Hard | Scott Scissons | 11 | Crash N' Burn | Alexei Yashin |
| 12 | Charlestown Chiefs | Andrei Kovalenko | 12 | Charlestown Chiefs | Brandon Convery |
| 13 | Icelanders | Yanic Perreault | 13 | Die Hard | Robert Petrovicky |
| 14 | Broad St. Bullies | Slava Kozlov | 14 | Icelanders | Sergei Krivokrasoff |
| 15 | Hitmen | Zigmund Palffy | 15 | Cowboys | David Cooper |
| 16 | Hurricanes | Sean Burke | 16 | Lady Luck | Cory Stillman |
| 17 | Avengers | Dean McAmmond | 17 | Blasters | Libor Polasek |
| 18 | Skunks | Pat Poulin | 18 | Putrats | Curtis Bowen |
| 19 | Slapshots | Todd Richards | 19 | Dazed & Confused | Joe Hulbig |
| 20 | Blindside | Martin Lapointe | 20 | Sag Baggers | Paul Brousseau |