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.
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 season or 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 defenceman left unprotected by each team had to have appeared in at least 40 games in the 1999–2000 season or 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.