The game will take place prior to the Knights hosting Evansville North High School.
Northview head coach Clint Weddle said assistant varsity coach Chris DeHart spearheaded the project.
"He's really hit the ground with this," Weddle said. "Coach DeHart and I talked about it early on and thought it would be a great way to get the (former players) involved and spend time together."
"I've wanted to do this for a long time," DeHart said. "Other schools do it, so we figured why not?"
DeHart told The Brazil Times his initial idea was to attempt to get at least one player from each Northview graduating class.
However, the plan did not work.
Still, approximately 20 former players have agreed to play in the game.
"We'll still have a good turnout," DeHart said.
Weddle said the players agreed to play four, eight-minute quarters, with a "few extra timeouts" sprinkled in. He added there would be officials at the game.
Due to Indiana High School Athletic Association rules, former players still affiliated with their graduating school are not allowed to participate in such contests.
Because of this, DeHart -- who starred at Northview -- will not be allowed to play in the game.
However, DeHart said former players such as Kenny Rowan -- the school's all-time leading scorer -- along with Michael Workman, Mark Parkey, Bill Sampson, Jonathan Bradshaw, Brooks Lear, Nick Sanders, Zach Sheese, Bowie Johnson and Dustin Montgomery have all agreed to participate, among others.
DeHart added he made contact with other players who were unable to make the commitment.
"We're hoping to make this an annual (game)," DeHart said.
Both coaches said there is no charge to attend the contest.