The 1998 NFL draft was the procedure by which National Football League teams selected amateur college football players. It is officially known as the NFL Annual Player Selection Meeting. The National Football League Draft was held April 18–19, 1998, at the Theater at Madison Square Garden in New York City. The league also held a supplemental draft after the regular draft and before the regular season. Before the draft, there was much debate in the media on if the Indianapolis Colts would select Peyton Manning or Ryan Leaf with the first overall pick. Both were considered excellent prospects and future franchise quarterbacks: Leaf was considered to have more upside and a stronger throwing arm, whereas Manning was considered a polished prospect who was NFL ready and more mature. On the day of the draft, the Colts selected Manning due to Leaf's disdain for Indianapolis, with Leaf being selected second overall by the San Diego Chargers. Manning went on to be a five-time Most Valuable Player Award winner (the most of any player in NFL history) and a two-time Super Bowl champion (in 2006 with the Colts and in 2015 with the Denver Broncos), and was inducted into the Pro Football Hall of Fame in 2021, while Leaf was out of the NFL by 2002, having earned a 4–17 record, and is considered one of the biggest draft busts in NFL history.

Player selections

Supplemental draft

A supplemental draft was held in the summer of 1998. For each player selected in the supplemental draft, the team forfeits its pick in that round in the draft of the following season. The Green Bay Packers and San Diego Chargers both selected players in the 2nd round.

Notable undrafted players

Hall of Famers

Trades

In the explanations below, (D) denotes trades that took place during the 1994 Draft, while (PD) indicates trades completed pre-draft. <references group="R1 -" /> <references group="R2 -" /> <references group="R3 -" /> <references group="R4 -" /> <references group="R5 -" /> <references group="R6 -" /> <references group="R7 -" />