The 1974 NHL amateur draft was the 12th NHL entry draft. It was held via conference call at the NHL office in Montreal, Quebec. In an effort to prevent the WHA from poaching players, the draft was conducted early and in secret. This failed to prevent tampering as information leaked out via agents and other sources over the three days of the draft. As a statement of frustration at the slow, secretive conference call format, Buffalo general manager Punch Imlach claimed "Taro Tsujimoto" of the "Tokyo Katanas" of Japan using the 183rd overall pick. NHL officials immediately validated the selection, but weeks later Imlach admitted that Tsujimoto was a fabrication. The selection was ruled invalid by the NHL and removed from their records. This also marked the first year the NHL allowed underage players to be signed, a move made in response to the WHA's similar practice the previous year. The last active player in the NHL from this draft class was Mark Howe, who retired after the 1994–95 season.

Selections by round

Below are listed the selections in the 1974 NHL amateur draft.

Round one

Round two

Round three

Round four

Round five

Round six

Round seven

Round eight

Round nine

Round ten

Round eleven

Round twelve

Round thirteen

Round fourteen

Round fifteen

Round sixteen

Round seventeen

Round eighteen

Round nineteen

Round twenty

Round twenty-one

Round twenty-two

Round twenty-three

Round twenty-four

Round twenty-five

Draftees based on nationality

The Asia / Japan selection was later invalidated, once Buffalo Sabres General Manager Punch Imlach admitted that "Taro Tsujimoto" of Japan, a low selection (eleventh round, 183rd overall), was a fabrication in answer to his frustration over the format of the 1974 draft.