Geelong star Gary Ablett has been voted by his peers as the AFL's most valuable player for the second year running.

Ablett was awarded the AFL Players' Association's MVP award, comfortably ahead of Hawthorn star forward Lance Franklin.

Ablett joined an illustrious group to have won the award twice.

The previous players to have done so were dual Brownlow Medallist Greg Williams, two-time North Melbourne premiership skipper Wayne Carey and Brisbane triple-premiership captain Michael Voss.

With all AFL players voting on a 3-2-1 basis, Ablett garnered 1,088 votes, 370 clear of Franklin, with North's Brent Harvey a further 278 back in third place.

Richmond's Matthew Richardson and Carlton's Chris Judd completed the top five.

"This is a massive honour as it is voted on by my peers. It means a huge amount to me that the players that I play against each week have voted for me and it is very humbling to win this award," Ablett said.

"While this is an individual award, there is no way that I could be in this position without my teammates and the coaches at Geelong."

Ablett's win came despite missing four games during the home and away season with an ankle injury.

He is favourite to win the Brownlow Medal, ahead of fellow Cats midfielder Jimmy Bartel.

In other awards, Brisbane co-captain Jonathan Brown won the most courageous player award, narrowly ahead of Sydney's Brett Kirk, with Cats youngster Joel Selwood third.

AFL Rising Star winner Fremantle's Rhys Palmer took out the best first year player award, ahead of Hawthorn's Cyril Rioli, who was also the Rising Star runner-up.

Cats skipper Tom Harley was voted the competition's best captain, with Judd second in that category.

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