The 32-year-old, affectionately known as "Scuba", becomes only the ninth player to reach the milestone for the club, sitting only three games behind club legend Leo McAuley.

Stephens has achieved numerous accolades in a stellar career including being a four-time premiership player and five-time senior best and fairest winner.

He captained the club between 2008 and 2012 and has coached the club for the past two seasons.

Stephens played about 70 or 80 games with the Tasmanian Devils in the VFL competition and captained the team.

Add the 15 games he played at South Launceston when he started his career plus state representative games, and he would be pushing 300 career games.

He won the State League player of the year in 2010 plus numerous other medals and awards along the way.

"Playing 200 games is obviously a pretty good milestone and is probably the last one I will reach as a player with Launceston," Stephens said.

"I will enjoy the moment but at the end of the day it is just another game for me.

"I don't worry too much about milestones, but to do it with one club when there has only been nine players to do so and to join that club with some of my very good mates and premiership teammates is a good honour."

Stephens rated the premiership successes as career highlights, especially the first of the club's NTFL triple premierships in 2006.

"Our first taste at success was one of the most satisfying grand finals I played in with a young side that were underdogs, and then to back up later in the career for our first state league one was very special, and those are my two big highlights as a player."

Work commitments and having a young family with two boys, Henry, 3, and Paddy, 18 months, means he is weighing up his football future.

"I am leaning towards retirement as a player at the end of this year, and if I was to stay on as coach it would be in a non-playing capacity," he said.