Note: Pos = Position; GP = Games played; G = Goals; A = Assists; Pts = Points; +/- = plus/minus; PIM = Penalty minutes; PPG = Power-play goals; SHG = Short-handed goals; GWG = Game-winning goals; MIN = Minutes played; W = Wins; L = Losses; T = Ties; GA = Goals-against; GAA = Goals-against average; SO = Shutouts; SA = Shots against; SV = Shots saved; SV% = Save percentageAwards and recordsTeam trophiesPlayer awards and trophiesTransactionsTradesOther transactionsDraft picksColorado's draft picks at the 1997 NHL Entry Draft held at the Civic Arena in Pittsburgh, Pennsylvania.
| Round | # | Player | Nationality | College/Junior/Club Team | | 1 | 26 | Kevin Grimes | | Kingston Frontenacs | | 2 | 53 | Graham Belak | | Edmonton Ice | | 3 | 55 | Rick Berry | | Seattle Thunderbirds | | 3 | 78 | Ville Nieminen | | Tappara | | 4 | 87 | Brad Larsen | | Swift Current Broncos | | 5 | 133 | Aaron Miskovich | | Green Bay Gamblers | | 6 | 161 | David Aebischer | | HC Fribourg-Gotteron | | 8 | 217 | Doug Schmidt | | Waterloo Black Hawks | | 9 | 243 | Kyle Kidney | | Salisbury School | | 9 | 245 | Steve Lafleur | | Belleville Bulls |
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