| Cutdowns | ||
| Position | Player | Proteam |
|---|---|---|
| C | Jason Kendall | Pit |
| 1B | Jeff Bagwell | Hou |
| 1B | Rafael Palmeiro | Bal |
| SS | Derek Jeter | NYA |
| 3B | Aramis Ramirez | ChN |
| 1B | Jay Gibbons | Bal |
| OF | Vladimir Guerrero | Ana |
| OF | Ryan Klesko | SD |
| OF | Manny Ramirez | Bos |
| SP | Mark Buehrle | ChA |
| SP | Jose Contreras | ChA |
| SP | Carlos Zambrano | ChN |
| Redraft | ||
| Round | Add | Drop |
|---|---|---|
| 1. | OF Shawn Green - LA | |
| 2. | SP Vicente Padilla - Phi | |
| 3. | RP Joe Borowski - ChN | |
| 4. | SP Odalis Perez - LA | |
| 5. | SP Roger Clemens - Hou | |
| 6. | SP Brian Lawrence - SD | |
| 7. | 2B Adam Kennedy - Ana | |
| 8. | 2B Luis Rivas - Min | |
| 9. | SP Ben Sheets - Mil | |
| 10. | 3B Vinny Castilla - Col | |
| 11. | RP Danny Graves - Cin | |
| 12. | C Benito Santiago - KC | |
| 13. | RP Danys Baez - TB | |
| 14. | SS Chris Woodward - Tor | |
| 15. | SP Jon Garland - ChA | |
| 16. | SP Ted Lilly - Tor | |
| 17. | 1B Jason Phillips - NYN | |