The Washington Mystics chose center/forward Chasity Melvin with the second pick, and the San Antonio Silver Stars took forward LaToya Thomas with the third selection. The Houston Comets added two players to its roster in the Dispersal Draft, acquiring the eighth pick from the Connecticut Sun in a trade consummated on January 5. In exchange, the Sun received Houston's second round pick (24th overall) in the 2004 WNBA Draft. Houston took center Pollyanna Johns Kimbrough with the pick acquired from the Sun, and forward/center Lucienne Berthieu with its own 11th pick.
Rocker guard/forward Merlakia Jones, who is an unrestricted free agent, was not available for selection in the Dispersal Draft.
| Team (2003 Record) | Player | Pos | Ht | |
| 1. | Phoenix (8-26) | Penny Taylor | F | 6-1 |
| 2. | Washington (9-25) | Chasity Melvin | C/F | 6-3 |
| 3. | San Antonio (12-22) | LaToya Thomas | F | 6-2 |
| 4. | New York (16-18) | Ann Wauters | C | 6-4 |
| 5. | Indiana (16-18) | Deanna Jackson | F | 6-2 |
| 6. | Seattle (18-16) | Betty Lennox | G | 5-8 |
| 7. | Minnesota (18-16) | Helen Darling | G | 5-6 |
| 8. | Houston from Connecticut (18-16) | Pollyanna Johns Kimbrough | C | 6-3 |
| 9. | Charlotte (18-16) | Mery Andrade | F | 6-0 |
| 10. | Sacramento (19-15) | Jennifer Butler | C | 6-3 |
| 11. | Houston (20-14) | Lucienne Berthieu | F/C | 6-0 |
| 12. | Los Angeles (24-10) | Isabelle Fijalkowski | C | 6-5 |
| 13. | Detroit (25-9) | Jennifer Rizzotti | G | 5-6 |