Carrington has won the award four straight years while also claiming the Supreme award in 2016.
The men's category features familiar names as well. The evergreen Hamish Bond, who was part of the gold medal winning men's eight rowing team in Tokyo, is among the finalists, up against IndyCar ace Scott Dixon, Coll and Black Caps captain Kane Williamson.
Williamson won the award in 2015 while Dixon is a two-time winner (2008, 2013).
There is nothing but gold in the finalists for the para-athlete/team of the year, with Dame Sophie Pascoe, Tupou Neiufi, Lisa Adams, Holly Grimaldi and Holly Robinson up for the award. Each of the five athletes won gold medals in their chosen disciplines at the Tokyo Paralympics.
Allan Bunting and Cory Sweeney, Gary Stead, Gordon Walker and Tony O'Connor are the finalists for coach of the year, while Connor Bell, Cool Wakushima, Erika Fairweather, Grace Nweke and Marko Stamenic are up for the emerging talent award.
The Halberg Awards are live on Prime TV at 8.30pm tonight.
Full list of finalists
Team of the Year (eligible for supreme Halberg Award)
Black Caps (cricket)
Team New Zealand (sailing)
Black Ferns Sevens
Men's rowing eight
Women's rowing pair Kerri Gowler and Grace Prendergast
Herald's pick: Black Caps
Para-athlete/team of the year (eligible for supreme Halberg Award)
Dame Sophie Pascoe (swimming)
Lisa Adams (athletics)
Holly Robinson (athletics)
Anna Grimaldi (athletics)
Tupou Neuifi (swimming)
Herald's pick: Dame Sophie Pascoe
Sportsman of the Year (eligible for supreme Halberg Award)
Hamish Bond (rowing)
Scott Dixon (motorsport)
Kane Williamson (cricket)
Paul Coll (squash)
Herald's pick: Kane Williamson
Sportswoman of the Year (eligible for supreme Halberg Award)
Dame Lisa Carrington (canoe racing)
Courtney Duncan (motocross)
Emma Twigg (rowing)
Sarah Hirini (sevens)
Lydia Ko (golf)
Herald's pick: Dame Lisa Carrington
Coach of the Year
Allan Bunting and Cory Sweeney (sevens)
Gary Stead (cricket)
Gordon Walker (canoe racing)
Tony O'Connor (rowing).
Herald's pick: Gordon Walker (canoe racing)
Emerging Talent
Connor Bell (athletics)
Cool Wakushima (snowboarding)
Erika Fairweather (swimming)
Grace Nweke (netball)
Marko Stamenic (football)
Herald's pick: Erika Fairweather
Herald's pick for Supreme winner: Dame Lisa Carrington