The Western Bulldogs received the first pick in the national draft after finishing on the bottom of the ladder during the 2003 AFL season.
The Bulldogs and Melbourne both received a priority selection for having earned 20 premiership points of less during the preceding season.
[1] It has produced one Brownlow Medallist, Adam Cooney, who is the first and, as of 2021, only number-one draft pick to win the award.
The main trades that occurred involved Nathan Brown switching from the Bulldogs to Richmond and Trent Croad returning to Hawthorn after spending two years with Fremantle.
The trading period also contained The Veale Deal, where unknown youngster Lochlan Veale was traded by Hawthorn to the Western Bulldogs in a lopsided three-way deal involving Essendon.