Eleven of the 12 who competed last year in Rio have been named in the high performance squad, including Olympic 49er champions Peter Burling and Blair Tuke, who will be key members of Emirates Team New Zealand's quest to win the upcoming America's Cup, as well as Finn sailor Josh Junior, who is also with Team New Zealand.
Meanwhile Warwick Academy Deputy Head Girl Kate Stewart was selected into the NZ Sailing Olympic Fast track Squad.
Burling and Tuke will take time after their America's Cup commitments to decide whether campaigning for the Tokyo Olympics is an option.
"Pete and I have the Tokyo Olympics on our radar but our main focus is on winning the America's Cup with Emirates Team New Zealand this year," Tuke said. "We will have a better idea whether the 2020 Olympics is a realistic goal for us once we've taken some time off following the America's Cup."
The only name missing from the 12 who competed in Rio is Polly Powrie who, together with Jo Aleh, won Olympic gold (London) and silver (Rio) in the women's 470. Powrie announced her retirement from Olympic sailing at the end of 2016.