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The 1976 CFL Draft composed of 10 rounds where 106 Canadian football players were chosen from eligible Canadian universities and Canadian players playing in the NCAA. A total of 18 players were selected as territorial exemptions, with the Calgary Stampeders being the only team to make no picks during this stage of the draft. Through a trade with the Toronto Argonauts, the Edmonton Eskimos selected first overall in the draft. The Eskimos had four total picks in the first round of the draft alone.