Best 5 #1 Picks
1) Mario Lemieux - C - 1984 - Pittsburgh Penguins
The drafting of Super Mario single handedly saved the Penguins. The Penguins were a poor and struggling franchise who's main claim to fame may have been losing to the New York Islanders in 7 games after leading the series 3-0 in 1975. However, that was all changed when Lemieux came. After scoring on his first shot in his first shift in his first game, Lemieux led the Penguins to two Stanley Cups and holds a numerous number of records. Lemieux won 3 MVPs, lead the league in points 6 times, and may have broken all of Gretzky's numbers if he did not have to deal with so many injuries and a Hodgkin's diagnosis in his prime. Lemieux is arguably the greatest player in the history of the game and is definitely the best number one overall pick.
2) Mike Modano - C - 1988 - Minnesota North Stars
Perhaps the best American player of all time, Modano holds all the American records, including goals, assists, and points. While his career has slowed down in the past few years, Modano was one of the best players in the 1990's and early 2000's, winning the Stanley Cup with Dallas in 1999. Modano is a big players who has a great all-around game, having been nominated for both the Selke Award (best defensive forward) and Lady Byng Award (best sportsmanship). Modano is the best Star of all-time and the franchise will miss him when he ultimately retires.
3) Sidney Crosby - C - 2005 - Pittsburgh Penguins
Crosby only made this list after winning the Stanley Cup last week. Crosby can add the Stanley Cup to his growing list of accomplishments that now include a Hart Trophy (MVP), Art Ross (Point leader), and a Lester B. Pearson Award (Best player as voted by peers). He also happens to be the youngest player to win all of those and is the youngest captain to win the Cup. In only four seasons, Crosby has set a countless number of youngest player records and has already made three all-star games. He will be 22 when the next season starts and barring injuries or other complications, Crosby will definitely be in the conversation for best ever.
4) Mats Sundin - C - 1989 - Quebec Nordiques
While Sundin had his best year as a Nordique, he really made his career after a trade to the Toronto Maple Leafs in the summer of 1994. After leading the Leafs as the captain for 11 years and to two conference finals in six years, Sundin holds the franchise records for points and goals. Sundin was the first European to be taken first in the draft and has the resume to justify the pick. Considered the ultimate symbol of consistency, Sundin scored 70+ points 15 times in 16 seasons and the only year he did not was the lockout of 1993-1994, where he scored 47 points in 47 games. Sundin has also scored more than 20 goals every years of his career except this past year when he played only 41 games for the defensively minded Vancouver Canucks. This astounding consistency earned Sundin 9 consecutive trips to the all-star game from 1996-2004 and four international Gold Medals.
5) Alex Ovechkin - LW - 2004 - Washington Capital
Ovechkin as played all of four years in the league and has already made three all-star games, been named to the First All-Star team three times (will be four this year), and has scored 50+ goals three times, including a left wing record 65 goals in the 2007-08 season. He also won the Calder Trophy (best rookie) over Sidney Crosby and the Hart, Art Ross, and Lester B. Pearson award. Oveckhin is also almost a guarantee to break Phil Esposito's record for most shots in a season, which may or may not be a good thing, but a record nevertheless. There is no question Ovechkin is one of the best three players in the NHL today and can cement his legacy as one of the best of all time if he stays motivated and dedicated to the NHL, something that Russians are not well known for.
Worst 5 #1 Picks
1) Patrick Stefan - C - 1999 - Atlanta Thrashers
The Thrashers first move as a franchise was the select Stefan with the first pick in the 1999 draft, a move they would grow to regret. Stefan has been anything but a success, already retired after playing only 455 games and recording 188 points. Stefan played a full season only once, which was the same year he recorded his highest point total...40, with 14 goals. Fortunately for the Thrashers, their picks in the next few years turned out a lot better but picking Stefan has set a tone for the the franchise who has only made the playoffs once and is perennially one of the worst teams in the league.
Better Picks: Daniel Sedin, Henrik Sedin, Martin Havlat, Henrik Zetterberg
2) Alexander Daigle - C - 1993 - Ottawa Thrashers
Daigle is considered to be the biggest bust in the history of the NHL simply because of the hype and his actions in derailing his promising career. However, because he actually had talent and did something in the NHL, I would say he was a better pick than Stefan, which is still not saying much. In 616 games, Daigle put up 327 points with career highs of 51 three times. These were hardly the Gretzky numbers everyone expected when the Senators tanked to pick him. The Senators gave Daigle the highest salary in the NHL and proceeded to watch him throw his career away on partying and other distractions. By the age of 25, Daigle has quit hockey for Hollywood, finally coming back for the 2002-03 season and spent the next few years bouncing around between the NHL and AHL. Daigle has played the last two years in Switzerland. One his most infamous comments came on draft day itself when he declared he was happy to be the number one pick because no one remember number two. The number two pick in 1993 was MVP and Stanely Cup champion Chris Pronger.
Better Picks: Chris Pronger, Paul Kariya, Saku Koivu, Todd Bertuzzi, Pavol Demitra
3) Bryan Berard - D - 1995 - Ottawa Senators
Another one of Ottawa's three number one overall picks in four years, Berard seemed to a good number one pick until a freak accident. Berard won the Calder trophy for the Islanders (he did not want to play for the Senators so they traded him) and played in the 1998 Olympics. Unfortunately, his blossoming career was stopped when the Senators' Marian Hossa clipped Berard in the eye with his stick. The injury caused him to miss the 2000-01 season and while he has some success when he returned, his play never elevated to that of a number one pick. Berard's career high of 48 points came in his rookie season and while he may have broken it with the Chicago Black Hawks in 2004, he missed too many games. Berard now plays in Russia after playing only 54 games for the Islanders two years ago.
Better Picks: Shane Doan, Jarome Iginla, Jean-Sebastien Giguere, Marc Savard Mikka Kiprusoff
4) Joe Murphy - RW - 1986 - Detroit Red Wings
At this point, the players are not as much of busts as they are just average NHL players, like Murphy. Murphy put up a respectable 528 points in 779 games and was part of the 1990 Edmonton Oilers, who won the Stanley Cup. However, besides his mediocre contributions in terms of points, Murphy did not bring much else to the table. He did perform well in the playoffs, standing third overall for most playoff OT goals with 4, but that is his best stat, which is pretty weak for a number one pick.
Better Picks: Vincent Damphousse, Brian Leetch, Teppo Numminem
5) Chris Phillips - D - 1996 - Ottawa Senators
Like Murphy, Phillips should not be regarded as a bust as much as much as just an average player who should not be living up to number one pick expectations. Phillips has been a strong defensive defenseman for the last 11 years, earning a positive +/- in nine of those 11 years. However, with a career high of only 26 points and not holding a #1 defenseman position for his whole career, it is hard to justify Phillips as a first overall pick.
Better Picks: Danny Briere, Zdeno Chara, Pavel Kubina, Tomas Kaberle
-A.S.