The 1974 CFL Draft composed of nine rounds where 97 Canadian football players were chosen from eligible Canadian universities and Canadian players playing in the NCAA. A total of 18 players were selected as territorial exemptions. Through trades with the Winnipeg Blue Bombers, the Toronto Argonauts selected first in the first, second, and sixth rounds.
Winnipeg Blue Bombers Gordon Paterson TB Manitoba
Winnipeg Blue Bombers Glen Perrin TB Bemidji State
Hamilton Tiger-Cats Ted Greaves WB Ithaca
Hamilton Tiger-Cats Gary Mueller LB Wilfrid Laurier
Calgary Stampeders Murray Anderson C Calgary
Calgary Stampeders Gordon Yeomans TB Washington State
British Columbia Lions Terry Bailey TB Simon Fraser
British Columbia Lions Loren Sherbina DT Idaho
Toronto Argonauts Larry Uteck DB Wilfrid Laurier
Toronto Argonauts Morris Zubkewych DT Simon Fraser