The club announced their quartet of list calls on Wednesday afternoon, thanking all four players for their service to the club.
“We thank Lachie, Flynn, Phoenix and Jacob for all their efforts and their dedication to our program during their respective time at North Melbourne,” Kangaroos football boss Todd Viney said.
“It is always a tough time of year having to make these kinds of decisions around our list, and we wish all four men the best for their future endeavours.”
Young would play 39 games in the blue and white over three seasons following his move from the Western Bulldogs at the end of 2020. He would play just the four games this year to bring his career tally to 47 matches.
Perez would overcome an ACL injury to make his debut in 2020, appearing in three games that year before playing a further 21 over his career.
Spicer departs North Melbourne following 12 matches across the past three years, with his debut coming in 2021 against Adelaide.
He would play five matches in the back half of last year before adding six more appearances to his career tally in 2023. An injury against the Western Bulldogs in Round 14 would bring an end to his campaign.
Edwards arrived at Arden Street as the top selection of the 2021 Mid-Season Draft out of the Sandringham Dragons. He would not break into the senior side during his two-and-a-half years with the Kangaroos.