At a special function in August 2001 the North Melbourne Team of the Century was announced. There was no minimum number of games set for selection. Wayne Carey was named captain, and Denis Pagan coach. The selection panel was Geoff Poulter (journalist), Father Gerald Dowling (club historian), Keith McKenzie (former coach), Lloyd Holyoak (former president), Max Ritchie (former player and chairman of selectors) and Greg Miller (chief executive).
| B: | Glenn Archer | David Dench | Mick Martyn | |
| HB: | John Rantall | Ross Glendinning | Ted Jarrad | |
| C: | Keith Greig | Les Foote | Laurie Dwyer | |
| HF: | Malcolm Blight | Wayne Carey | Wayne Schimmelbusch | |
| F: | John Dugdale | Jock Spencer | Allen Aylett | |
| R: | Noel Teasdale | Anthony Stevens | Barry Cable | |
| IC: | Brent Croswell | Barry Davis | Sam Kekovich | Peter Steward |
| Emergencies: | David King | John Blakey | Wayne Schwass | Gary Dempsey |