Inductees were selected by a committee comprised of University of Chicago faculty, staff, and alumni.  Twenty-five individuals were chosen for the inaugural class in 2003.  No more than eight individuals will be selected on annual basis in future years.

To be eligible for induction into the University of Chicago Athletics Hall of Fame, former student-athletes must meet three criteria.  They must have attended the University, competed in an intercollegiate sport, and have completed their participation in intercollegiate sports a minimum of five years prior to induction.  Coaches or administrators must also have ceased service in that capacity at least five years prior to induction.