McKay is the grandson of former Saints defender Tom McKay, who played 23 games for the club between 1959-1964.
The 22-year-old declared his interest in becoming an AFL player after calling Melbourne radio station Triple M during a broadcast last month.
McKay has represented both the Under-18s and Under-19s Australian basketball teams and played alongside names now renowned in the AFL and NBA, including Christian Petracca (Melbourne) and Ben Simmons (No.1 NBA draft pick – Philadelphia 76ers).