The Magpies, who lost to Geelong on Saturday night at the MCG, will have the 14th pick at November's draft, while the Bulldogs are left with pick No.15 after being pipped by St Kilda on Friday night.
Last season, the Magpies had the No.11 pick in the draft, and used it to grab the impressive Steele Sidebottom.
The Bulldogs top selection last year was No.14, which they used to pick up Ayce Cordy.
Melbourne has the first two picks, No.1 is a priority for failing to win more than four-and-a-half games for the second straight season, and No.2 is for finishing 16th in 2009.
The Demons will be the first club to have picks one and two since St Kilda in 2000.
The Saints grabbed current captain Nick Riewoldt and Justin Koschitzke with those two selections.
Richmond will have pick three followed by Fremantle (four), North Melbourne (five), Sydney Swans (six), West Coast (seven), Port Adelaide (eight) and Hawthorn (nine).
So far, West Coast, Hawthorn and Melbourne have indicated that their first round picks are tradeable.
Dandenong Stingrays midfielder Tom Scully is still widely regarded as the most likely No.1 pick with fellow Victorian John Butcher in top five calculations.
However, South Australian Jack Trengove, who captained his state at the 2009 NAB AFL Under-18 Championships, is making a name for himself in the SANFL and shapes as a potential top three pick.
Western Australian winger Anthony Morabito is another interstate junior that Melbourne and Richmond will be analysing with their prized picks.
The Peel Thunder youngster showed an accomplished inside and outside game at this year's under-18 championships winning All-Australian selection. Fremantle will be hoping he can slip to pick No.4.
East Fremantle's Kane Lucas and Brad Sheppard are two other Western Australians in calculations for the first round, while mature-age dasher Lewis Jetta continues to impress in the WAFL with his run and carry and penetrating kick.
Peel Thunder's Aaron Black and North Adelaide's James Craig are two big men with rising stocks while Geelong Falcons duo Ben Cunnington and Gary Rohan continue to shoot up the pecking order.
Draft selections already decided (ahead of the official trade period)
First round
1. Melbourne
2. Melbourne
3. Richmond
4. Fremantle
5. North Melbourne
6. Sydney Swans
7. West Coast
8. Port Adelaide
9. Hawthorn
10. Essendon
11. Carlton
12. Brisbane Lions
13. Adelaide
14. Collingwood
15. Western Bulldogs
Second round
18. Melbourne
19. Richmond
20. Fremantle
21. North Melbourne
22. Sydney Swans
23. West Coast
24. Port Adelaide
25. Hawthorn
26. Essendon
27. Carlton
28. Brisbane Lions
29. Adelaide
30. Collingwood
31. Western Bulldogs
Third round
34. Melbourne
35. Richmond
36. Fremantle
37. North Melbourne
38. Sydney Swans
39. West Coast
40. Port Adelaide
41. Hawthorn
42. Essendon
43. Carlton
44. Brisbane Lions
45. Adelaide
46. Collingwood
47. Western Bulldogs
The views in this story are those of the author and not necessarily those of the clubs or the AFL.
