Essendon also won the minor premiership by finishing atop the home-and-away ladder with an 11–4–1 win–loss–draw record.

Geelong's Carji Greeves won the inaugural Brownlow Medal as the league's best and fairest player, and Fitzroy's Jack Moriarty won the leading goalkicker medal as the league's leading goalkicker.

[1] The scheme was developed primarily as a result of demand for entry to finals matches in the early 1920s exceeding the capacity of the Melbourne Cricket Ground.

However, even the weeks with higher spectator numbers did not translate to better financial performance: extra competing teams meant more clubs whose members were entitled free admission and fewer neutral spectators paying at the gate.

[3] As a result, the new scheme was abandoned at the end of the year and the amended Argus system resumed from 1925.