1961 MLB Expansion Draft Pick Transactions
October 10, 1961
Regular Phase ($75,000 per player)
| Overall # | Team | Player Drafted |
| Round 1 | ||
| 1 |  Colt .45s |
Eddie Bressoud |
| 2 |  Mets |
Hobie Landrith |
| 3 | Colt .45s |
Bob Aspromonte |
| 4 | Mets |
Elio Chacon |
| 5 | Colt .45s |
Bob Lillis |
| 6 | Mets |
Roger Craig |
| 7 | Colt .45s |
Dick Drott |
| 8 | Mets |
Gus Bell |
| 9 | Colt .45s |
Al Heist |
| 10 | Mets |
Joe Christopher |
| 11 | Colt .45s |
Roman Mejías |
| 12 | Mets |
Félix Mantilla |
| 13 | Colt .45s |
George Williams |
| 14 | Mets |
Gil Hodges |
| 15 | Colt .45s |
Jesse Hickman |
| 16 | Mets |
Craig Anderson |
| 17 | Colt .45s |
Merritt Ranew |
| 18 | Mets |
Ray Daviault |
| 19 | Colt .45s |
Don Taussig |
| 20 | Mets |
John DeMerit |
| 21 | Colt .45s |
Bobby Shantz |
| 22 | Mets |
Al Jackson |
| 23 | Colt .45s |
Norm Larker |
| 24 | Mets |
Sammy Drake |
| 25 | Colt .45s |
Sam Jones |
| 26 | Mets |
Chris Cannizzaro |
| 27 | Colt .45s |
Paul Roof |
| 28 | Mets |
Choo-Choo Coleman |
| 29 | Colt .45s |
Ken Johnson |
| 30 | Mets |
Ed Bouchee |
| 31 | Colt .45s |
Dick Gernert |
| 32 | Mets |
Bob Smith |
Regular Phase ($50,000 per player)
| Overall # | Team | Player Drafted |
| Round 1 | ||
| 33 | Colt .45s |
Ed Olivares |
| 34 | Mets |
Sherman Jones |
| 35 | Colt .45s |
Jim Umbricht |
| 36 | Mets |
Jim Hickman |
| 37 | Colt .45s |
Jim Golden |
Premium Phase ($125,000 per player)
| Overall # | Team | Player Drafted |
| Round 1 | ||
| 38 | Colt .45s |
Joe Amalfitano |
| 39 | Mets |
Jay Hook |
| 40 | Colt .45s |
Turk Farrell |
| 41 | Mets |
Bob Miller |
| 42 | Colt .45s |
Hal Smith |
| 43 | Mets |
Don Zimmer |
| 44 | Colt .45s |
Al Spangler |
| 45 | Mets |
Lee Walls |