1972 NHL Expansion Draft Pick Transactions
June 6, 1972
| Overall # | Round # | Team | Player Drafted |
| Round 1 | |||
| 1 | 1-1 |  Flames |
Phil Myre |
| 2 | 1-2 |  Islanders |
Gerry Desjardins |
| Round 2 | |||
| 3 | 2-1 | Flames |
Dan Bouchard |
| 4 | 2-2 | Islanders |
Billy Smith |
| Round 3 | |||
| 5 | 3-1 | Islanders |
Bart Crashley |
| 6 | 3-2 | Flames |
Kerry Ketter |
| Round 4 | |||
| 7 | 4-1 | Islanders |
Dave Hudson |
| 8 | 4-2 | Flames |
Norm Gratton |
| Round 5 | |||
| 9 | 5-1 | Islanders |
Ed Westfall |
| 10 | 5-2 | Flames |
Ron Harris |
| Round 6 | |||
| 11 | 6-1 | Islanders |
Garry Peters |
| 12 | 6-2 | Flames |
Larry Romanchych |
| Round 7 | |||
| 13 | 7-1 | Islanders |
Larry Hornung |
| 14 | 7-2 | Flames |
Bill MacMillan |
| Round 8 | |||
| 15 | 8-1 | Islanders |
Bryan Lefley |
| 16 | 8-2 | Flames |
Randy Manery |
| Round 9 | |||
| 17 | 9-1 | Islanders |
Brian Spencer |
| 18 | 9-2 | Flames |
Keith McCreary |
| Round 10 | |||
| 19 | 10-1 | Islanders |
Terry Crisp |
| 20 | 10-2 | Flames |
Ernie Hicke |
| Round 11 | |||
| 21 | 11-1 | Islanders |
Ted Hampson |
| 22 | 11-2 | Flames |
Lew Morrison |
| Round 12 | |||
| 23 | 12-1 | Islanders |
Gerry Hart |
| 24 | 12-2 | Flames |
Lucien Grenier |
| Round 13 | |||
| 25 | 13-1 | Islanders |
John Schella |
| 26 | 13-2 | Flames |
Bill Plager |
| Round 14 | |||
| 27 | 14-1 | Islanders |
Bill Mikkelson |
| 28 | 14-2 | Flames |
Morris Stefaniw |
| Round 15 | |||
| 29 | 15-1 | Islanders |
Craig Cameron |
| 30 | 15-2 | Flames |
John Stewart |
| Round 16 | |||
| 31 | 16-1 | Islanders |
Tom Miller |
| 32 | 16-2 | Flames |
Bob Leiter |
| Round 17 | |||
| 33 | 17-1 | Islanders |
Brian Marchinko |
| 34 | 17-2 | Flames |
Pat Quinn |
| Round 18 | |||
| 35 | 18-1 | Islanders |
Ted Taylor |
| 36 | 18-2 | Flames |
Larry Hale |
| Round 19 | |||
| 37 | 19-1 | Islanders |
Norm Ferguson |
| 38 | 19-2 | Flames |
Bill Heindl |
| Round 20 | |||
| 39 | 20-1 | Islanders |
Jim Mair |
| 40 | 20-2 | Flames |
Frank Hughes |
| Round 21 | |||
| 41 | 21-1 | Islanders |
Ken Murray |
| 42 | 21-2 | Flames |
Rod Zaine |