The Phoenix Suns were awarded the No. 1 pick in next month's NBA draft via the lottery held Tuesday in Chicago.
The Sacramento Kings, the Atlanta Hawks, the Memphis Grizzlies and Dallas Mavericks will round out the top five picks.
The Suns will pick No. 1 overall in the draft for the first time in franchise history when the draft takes place on June 21 at the Barclays Center in New York.
"Extremely excited -- I think it's something that we really needed," Suns representative Josh Jackson, the No. 4 pick in last year's draft, told ESPN. "Now we just gotta sit and see who we want."
Jackson added that he hopes the Suns select Arizona center Deandre Ayton, who is regarded as the top available draft prospect.
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Real Madrid guard Luka Doncic, Michigan State center Jaren Jackson Jr. and Duke forward Marvin Bagley III are among the other highly regarded names.
The Suns have seen plenty of Ayton during his time at nearby Tucson, while Doncic played for new Suns coach Igor Kokoskov on the Slovenian national team last summer.
"I can't compare those two guys because I lived with Luka. I coached Luka," Kokoskov told local media.
"I've watched highlights of the other kid. I don't ever run away from my opinion, but other guys have seen him play a lot more than me."
The Orlando Magic will pick sixth, followed by the Chicago Bulls seventh and Cleveland Cavaliers eighth.
The Cavs' pick originally belonged to the Brooklyn Nets - the key piece to last summer's Kyrie Irving trade with the Boston Celtics.
The New York Knicks will pick ninth, and the Philadelphia 76ers will choose 10th.
