Round 1
| # | Player | Team |
|---|---|---|
| 1 | John Elway★ QB · Stanford · 9 Pro Bowls · 234 games | BAL |
| 2 | Eric Dickerson★ RB · SMU · 6 Pro Bowls · 5 All-Pros · 146 games | RAM |
| 3 | Curt Warner RB · Penn St. · 3 Pro Bowls · 100 games | SEA |
| 4 | Chris Hinton T · Northwestern · 7 Pro Bowls · 1 All-Pro · 177 games | DEN |
| 5 | Billy Ray Smith LB · Arkansas · 126 games | SDG |
| 6 | Jimbo Covert★ T · Pittsburgh · 2 Pro Bowls · 2 All-Pros · 111 games | CHI |
| 7 | Todd Blackledge QB · Penn St. · 46 games | KAN |
| 8 | Michael Haddix RB · Mississippi St. · 120 games | PHI |
| 9 | Bruce Matthews★ G · USC · 14 Pro Bowls · 7 All-Pros · 296 games | HOU |
| 10 | Terry Kinard DB · Clemson · 1 Pro Bowl · 121 games | NYG |
| 11 | Tim Lewis DB · Pittsburgh · 51 games | GNB |
| 12 | Tony Hunter TE · Notre Dame · 47 games | BUF |
| 13 | FB · Florida · 135 games | DET |
| 14 | Jim Kelly★ QB · Miami (FL) · 5 Pro Bowls · 1 All-Pro · 160 games | BUF |
| 15 | Tony Eason QB · Illinois · 90 games | NWE |
| 16 | Mike Pitts DT · Alabama · 169 games | ATL |
| 17 | Leonard Smith DB · McNeese St. · 138 games | STL |
| 18 | Willie Gault WR · Tennessee · 170 games | CHI |
| 19 | Joey Browner DB · USC · 6 Pro Bowls · 3 All-Pros · 145 games | MIN |
| 20 | Gary Anderson RB · Arkansas · 1 Pro Bowl · 111 games | SDG |
| 21 | Gabe Rivera NT · Texas Tech · 6 games | PIT |
| 22 | Gill Byrd DB · San Jose St. · 2 Pro Bowls · 149 games | SDG |
| 23 | Jim Jeffcoat DE · Arizona St. · 227 games | DAL |
| 24 | Ken O'Brien QB · UC Davis · 2 Pro Bowls · 129 games | NYJ |
| 25 | Dave Rimington C · Nebraska · 86 games | CIN |
| 26 | Don Mosebar C · USC · 3 Pro Bowls · 173 games | RAI |
| 27 | Dan Marino★ QB · Pittsburgh · 9 Pro Bowls · 3 All-Pros · 242 games | MIA |
| 28 | Darrell Green★ DB · Texas A&M-Kingsville · 7 Pro Bowls · 1 All-Pro · 295 games | WAS |
Source: nflverse draft_picks release. Pro Bowls / All-Pros / Games are career totals · ★ = Pro Football Hall of Fame.