| 2004 OTL Draft - Rounds 1-4 | |||||
| Team Name | Round 1 | Round 2 | Round 3 | Round 4 | |
| 1 | Princeton | William Bell SP | Ed Willett SP | Frank Smith SP | Joe Morgan 2B |
| 2 | Motown | Hugh Duffy RF | Earl Averill CF | Jessie Burkett LF | Babe Adams SP |
| 3 | Los Angeles | Mark McGwire 1B | Ralph Kiner LF | Robin Yount SS | Ed Summers SP |
| 4 | West Liberty | Al Simmons LF | Eppa Rixey SP | Toad Ramsey SP | Hughie Jennings SS |
| 5 | Finnerton | Cy Young SP | Mike Scott SP | Henry Boyle SP | Lady Baldwin SP |
| 6 | Cleveland | Nap Lajoie 2B | Norm Cash 1B | Jack Pfiester SP | Tully Sparks SP |
| 7 | Newark | Barney Pelty SP | Carl Lundgren SP | Eddie Cicotte SP | Doc White SP |
| 8 | Northside | Harvey Hendrick 1B | Tommy Bond SP | Larry Corcoran SP | Perry Werden SP |
| 9 | Zulu (Lincoln) | Jimmy Foxx 1B | Mike Schmidt 3B | Chuck Klein SP | Frank Robinson RF |
| 10 | Lynchburg | Al Rosen 3B | Albert Belle LF | Tom Seaver SP | Tommy Davis LF |
| 11 | Lafayette | Jack Clements C | Joe Williams SP | Wilbur Cooper SP | Ron Guidry SP |
| 12 | Calcutta | Babe Ruth LF | John McGraw 3B | Ed Reulbach SP | George Bradley SP |
| 13 | Lakeland | Charlie Sweeney SP | J. R. Richards SP | Sandy Koufax Sp | Luis Tiant SP |
| 14 | Zzyzx | Denny Driscoll SP | Lave Cross 3B | Rube Waddell SP | Sam Thompson RF |
| 15 | College View | Willie Keeler RF | Dutch Leonard SP | Chief Bender SP | Jack Coombs SP |
| 16 | Wilmington | Ed Walsh SP | Babe Herman RF | George Brett 3B | Bob Gibson SP |
| 17 | Woodlands | Pete Alexander SP | Gabby Hartnett C | Carl Yastrzemski LF | Tim Keefe SP |
| 18 | Missouri | Ted Abernathy CL | Hack Wilson CF | Elmer Steele SP | George Davis 3B |
| 19 | Texas | Josh Gibson C | Billy Hamilton CF | Stan Musial RF | Dean Chance SP |
| 20 | Ghosts of '69 | Rogers Hornsby 2B | Luke Appling SS | Hank Greenberg 1B | Bill Lange CF |
| 21 | Memphis | Bill Dickey C | Ed Delahanty LF | Ed Morris SP | Wilcy Moore SP |
| 22 | Jimtown | George Sisler 1B | Hank Aaron RF | Noodles Hahn SP | Dave Smith CL |
| 23 | Seattle | Mickey Mantle CF | Willie Mays CF | Silver King SP | Walter Johnson SP |
| 24 | Florida | Fred Toney SP | "3-Finger" Brown SP | Harry Krause SP | Russ Ford SP |
| 25 | Framingham | Ted Williams LF | Lou Gehrig 1B | Christy Mathewson SP | Addie Joss SP |
| 26 | Springfield | Arky Vaughan SS | Tip O'Neill LF | Guy Hecker SP | Howie Pollet SP |
| 27 | Glen Wilton | Joe Medwick LF | Ty Cobb CF | Dick Rudolph SP | Eddie Plank SP |
| 28 | Oroville | Frank Mountain SP | Joe Dimaggio CF | Dennis Eckersley CL | Fred Clarke LF |
| Bold = Protected Players | ** = No List Submitted | Red = Selected in the Draft | |||