In 2002 there were 88 picks to be drafted between 16 teams in the national draft.
The Carlton Football Club was stripped of its first and priority-round draft picks after gross breaches of the salary cap were uncovered (it would have been stripped of its second round pick also, but had already traded it for Barnaby French). The first pick therefore went to the St. Kilda Football Club, who finished second last during the 2002 AFL season.
| Pick | Player | Recruited from | Australian Football League clubs |
| 1 | Stephen Powell | Melbourne | St. Kilda |
| 2 | Pass | Richmond | |
| 3 | Craig Bolton | Brisbane Lions | Sydney Swans |
| 4 | Brent Moloney | Geelong U18 | Geelong |
| 5 | Guy Rigoni | Melbourne | Melbourne |
| 6 | Pass | Adelaide Crows | |
| 7 | Luke Mullins | Murray Bushrangers | Collingwood |