Chapman was offered one week, which would have been upgraded to two matches had he challenged and failed at the AFL Tribunal.
He won't play against the Hawks on Friday night.
Chapman bumped Port Adelaide’s Robbie Gray high during the third quarter of Friday night’s Semi Final and was subsequently slapped with a ban by the Match Review Panel on Monday.
The incident was assessed as reckless conduct (two points), low impact (one point) and high contact (two points).
It drew 225 demerit points and a two-match sanction that was reduced by 25 per cent to 168.75 with the early plea.
Geelong could be bolstered though by the return of Corey Enright from injury.
Chapman enjoys playing against Hawthorn, having kicked 31 goals in 22 matches against the Hawks. Interestingly, he has played against Hawthorn more times than any other team in the AFL.
He averages 19.18 disposals against the Hawks.