Unlike the more recent expansion drafts (the one that constructed the Vegas Golden Knights in 2017 and the one that will see the Seattle Kraken with their first roster) in which each team could protect either seven forwards, three defenders, and a goalie or protect four forwards, four defensemen, and a goalie, the expansion draft of 1974 allowed teams to protect 15 skaters and two goaltenders.
First year pros (those who had started their careers during the 1973-74 season) were exempt from selection. When a player was selected from a team, the team could protect one additional player. Ultimately, each team would lose three players in expansion. Prior to the expansion draft of 1974, there were sixteen teams in the league.
The Capitals’ General Manager Milt Schmidt remarked about the paucity of available talent to the New York Times on June 11, 1974, “It’s not fair. We paid $6 million dollars to join the league and look how little the other teams have left for us.”
Jim McKay, a columnist from the Windsor Star, described the players available for that expansion draft as “little more than a bag of bones” and envisioned: “Washington and Kansas City met last night in hockey for the first time. Hockey lost.” That quote was found in the book, The Legends of Landover, written by Glenn Dreyfuss.
With the player protection rules in place, the Capitals and the Scouts were basically drafting the 16th, 18th, and 20th-best players from each of the other existing clubs. Most of these teams were facing their third expansion draft in five years, which had definitely thinned out their talent depth.
There was an expansion draft in 1970 to build the Buffalo Sabres and the Vancouver Canucks, followed by the expansion draft in 1972 to construct the New York Islanders and Atlanta Flames. These drafts were on top of the initial expansion in 1967 that created six new teams.
The expansion draft to build the Capitals and the Scouts was the fourth expansion draft in just seven years. In addition, the NHL teams were competing for talent with the WHA, which had begun operation in 1972. Thus, each team had an even thinner talent pool left for drafting than the Sabres, Canucks, Islanders, and Flames did at the time of their expansion.