diff --git a/Source/Core/Core/Core.cpp b/Source/Core/Core/Core.cpp
index c7c392fa0e..bbceb6c0fc 100644
--- a/Source/Core/Core/Core.cpp
+++ b/Source/Core/Core/Core.cpp
@@ -563,6 +563,9 @@ static void EmuThread(Core::System& system, std::unique_ptr<BootParameters> boot
   HW::Init(system,
            NetPlay::IsNetPlayRunning() ? &(boot_session_data.GetNetplaySettings()->sram) : nullptr);
 
+  if (NetPlay::IsNetPlayRunning())
+    NetPlay::NetPlay_RegisterEvents();
+
   Common::ScopeGuard hw_guard{[&system] {
     // We must set up this flag before executing HW::Shutdown()
     s_hardware_initialized = false;
diff --git a/Source/Core/Core/CoreTiming.cpp b/Source/Core/Core/CoreTiming.cpp
index 627f14cbce..d3dc01e146 100644
--- a/Source/Core/Core/CoreTiming.cpp
+++ b/Source/Core/Core/CoreTiming.cpp
@@ -212,6 +212,9 @@ void CoreTimingManager::DoState(PointerWrap& p)
     // The stave state has changed the time, so our previous Throttle targets are invalid.
     // Especially when global_time goes down; So we create a fake throttle update.
     ResetThrottle(m_globals.global_timer);
+
+    // Throw away pending external events when loading state, they no longer apply.
+    m_external_event_queue.clear();
   }
 }
 
@@ -282,6 +285,24 @@ void CoreTimingManager::ScheduleEvent(s64 cycles_into_future, EventType* event_t
   }
 }
 
+void CoreTimingManager::ScheduleExternalEvent(u64 timepoint, EventType* event_type, u64 userdata,
+                                              u64 unique_id)
+{
+  if (Core::IsCPUThread())
+  {
+    m_external_event_queue.emplace_back(
+        Event{static_cast<s64>(timepoint), unique_id, userdata, event_type});
+    std::push_heap(m_external_event_queue.begin(), m_external_event_queue.end(),
+                   std::greater<Event>());
+  }
+  else
+  {
+    std::lock_guard lk(m_ts_write_lock);
+    m_external_pending_queue.Push(
+        Event{static_cast<s64>(timepoint), unique_id, userdata, event_type});
+  }
+}
+
 void CoreTimingManager::RemoveEvent(EventType* event_type)
 {
   auto itr = std::remove_if(m_event_queue.begin(), m_event_queue.end(),
@@ -322,6 +343,13 @@ void CoreTimingManager::MoveEvents()
     m_event_queue.emplace_back(std::move(ev));
     std::push_heap(m_event_queue.begin(), m_event_queue.end(), std::greater<Event>());
   }
+
+  for (Event ev; m_external_pending_queue.Pop(ev);)
+  {
+    m_external_event_queue.emplace_back(std::move(ev));
+    std::push_heap(m_external_event_queue.begin(), m_external_event_queue.end(),
+                   std::greater<Event>());
+  }
 }
 
 void CoreTimingManager::Advance()
@@ -351,6 +379,16 @@ void CoreTimingManager::Advance()
     evt.type->callback(m_system, evt.userdata, m_globals.global_timer - evt.time);
   }
 
+  while (!m_external_event_queue.empty() &&
+         m_external_event_queue.front().time <= m_globals.global_timer)
+  {
+    Event evt = std::move(m_external_event_queue.front());
+    std::pop_heap(m_external_event_queue.begin(), m_external_event_queue.end(),
+                  std::greater<Event>());
+    m_external_event_queue.pop_back();
+    evt.type->callback(m_system, evt.userdata, m_globals.global_timer - evt.time);
+  }
+
   m_is_global_timer_sane = false;
 
   // Still events left (scheduled in the future)
diff --git a/Source/Core/Core/CoreTiming.h b/Source/Core/Core/CoreTiming.h
index 6c60b74479..d20ab11889 100644
--- a/Source/Core/Core/CoreTiming.h
+++ b/Source/Core/Core/CoreTiming.h
@@ -104,6 +104,13 @@ public:
   void ScheduleEvent(s64 cycles_into_future, EventType* event_type, u64 userdata = 0,
                      FromThread from = FromThread::CPU);
 
+  // Similar to ScheduleEvent, but enqueues an event in the secondary event queue that does not
+  // affect timing logic and isn't savestated. Used primarily for handling events in a deterministic
+  // manner during netplay. Note that 'timepoint' is absolute (instead of ScheduleEvent's relative)
+  // and that the user should try to provide a 'unique_id' for consistent event ordering if they
+  // happen to be at the same timepoint.
+  void ScheduleExternalEvent(u64 timepoint, EventType* event_type, u64 userdata, u64 unique_id);
+
   // We only permit one event of each type in the queue at a time.
   void RemoveEvent(EventType* event_type);
   void RemoveAllEvents(EventType* event_type);
@@ -172,6 +179,15 @@ private:
   std::mutex m_ts_write_lock;
   Common::SPSCQueue<Event, false> m_ts_queue;
 
+  // A second event queue that is used for timing 'external' events that are sent by the emulator
+  // rather than by the emulated game. Netplay uses these for syncing non-controller-button events
+  // sent by a single client, such as a press of the physical Reset button on the console, or an
+  // unplugging of a controller. These don't affect timing logic (and thus will not run at a precise
+  // time, but instead at the first opportunity given by the regular events) and do not get written
+  // to savestates.
+  std::vector<Event> m_external_event_queue;
+  Common::SPSCQueue<Event, false> m_external_pending_queue;
+
   float m_last_oc_factor = 0.0f;
 
   s64 m_idled_cycles = 0;
diff --git a/Source/Core/Core/HW/ProcessorInterface.cpp b/Source/Core/Core/HW/ProcessorInterface.cpp
index 679f5d4092..53e3b24389 100644
--- a/Source/Core/Core/HW/ProcessorInterface.cpp
+++ b/Source/Core/Core/HW/ProcessorInterface.cpp
@@ -17,6 +17,7 @@
 #include "Core/HW/SystemTimers.h"
 #include "Core/IOS/IOS.h"
 #include "Core/IOS/STM/STM.h"
+#include "Core/NetPlayClient.h"
 #include "Core/PowerPC/PowerPC.h"
 #include "Core/System.h"
 #include "VideoCommon/AsyncRequests.h"
@@ -266,6 +267,14 @@ void ProcessorInterfaceManager::ResetButton_Tap()
                             m_event_type_toggle_reset_button, false, CoreTiming::FromThread::ANY);
 }
 
+void ProcessorInterfaceManager::ResetButton_Tap_FromUser()
+{
+  if (NetPlay::IsNetPlayRunning())
+    NetPlay::ScheduleResetButtonTap();
+  else
+    ResetButton_Tap();
+}
+
 void ProcessorInterfaceManager::PowerButton_Tap()
 {
   if (!Core::IsRunning())
diff --git a/Source/Core/Core/HW/ProcessorInterface.h b/Source/Core/Core/HW/ProcessorInterface.h
index 6387634843..7e2fbb0bc3 100644
--- a/Source/Core/Core/HW/ProcessorInterface.h
+++ b/Source/Core/Core/HW/ProcessorInterface.h
@@ -82,6 +82,7 @@ public:
 
   // Thread-safe func which sets and clears reset button state automagically
   void ResetButton_Tap();
+  void ResetButton_Tap_FromUser();
   void PowerButton_Tap();
 
   u32 m_interrupt_cause = 0;
diff --git a/Source/Core/Core/NetPlayClient.cpp b/Source/Core/Core/NetPlayClient.cpp
index c40b122a70..f6ba91fdf9 100644
--- a/Source/Core/Core/NetPlayClient.cpp
+++ b/Source/Core/Core/NetPlayClient.cpp
@@ -4,6 +4,8 @@
 #include "Core/NetPlayClient.h"
 
 #include <algorithm>
+#include <cmath>
+#include <condition_variable>
 #include <cstddef>
 #include <cstring>
 #include <fstream>
@@ -49,6 +51,7 @@
 #include "Core/HW/GBAPad.h"
 #include "Core/HW/GCMemcard/GCMemcard.h"
 #include "Core/HW/GCPad.h"
+#include "Core/HW/ProcessorInterface.h"
 #include "Core/HW/SI/SI.h"
 #include "Core/HW/SI/SI_Device.h"
 #include "Core/HW/SI/SI_DeviceGCController.h"
@@ -84,6 +87,19 @@ static std::mutex crit_netplay_client;
 static NetPlayClient* netplay_client = nullptr;
 static bool s_si_poll_batching = false;
 
+struct ExternalEventSyncData
+{
+  std::mutex mutex;
+  std::condition_variable cv;
+  std::map<PlayerId, u64> map;
+  ExternalEventID event_id = ExternalEventID::None;
+};
+
+static std::mutex s_event_sync_mutex;
+static std::map<u64, ExternalEventSyncData> s_event_sync_map;
+static CoreTiming::EventType* event_type_sync_time_for_ext_event = nullptr;
+static CoreTiming::EventType* event_type_ext_event = nullptr;
+
 // called from ---GUI--- thread
 NetPlayClient::~NetPlayClient()
 {
@@ -436,6 +452,14 @@ void NetPlayClient::OnData(sf::Packet& packet)
     OnPowerButton();
     break;
 
+  case MessageID::ScheduleExternalEvent:
+    OnScheduleExternalEvent(packet);
+    break;
+
+  case MessageID::SyncTimepointForExternalEvent:
+    OnSyncTimepointForExternalEvent(packet);
+    break;
+
   case MessageID::Ping:
     OnPing(packet);
     break;
@@ -952,6 +976,61 @@ void NetPlayClient::OnPowerButton()
   m_dialog->OnMsgPowerButton();
 }
 
+void NetPlayClient::OnScheduleExternalEvent(sf::Packet& packet)
+{
+  // A user (could be ourselves, too) has requested the scheduling of an external event.
+
+  ExternalEventID eeid;
+  packet >> eeid;
+  sf::Uint64 uid;
+  packet >> uid;
+  sf::Uint64 timepoint;
+  packet >> timepoint;
+
+  DEBUG_LOG_FMT(NETPLAY, "OnScheduleExternalEvent(): eeid {}, timepoint {}, uid {}", u8(eeid),
+                timepoint, uid);
+
+  // The 'uid' is unique per netplay session and is both used to provide an absolute ordering in
+  // case two events get assigned to the same timepoint, and also to keep track (in
+  // s_event_sync_map) of what event-related packet belongs to what event if multiple are in flight
+  // at the same time.
+
+  {
+    std::lock_guard lk(s_event_sync_mutex);
+    s_event_sync_map[static_cast<u64>(uid)].event_id = eeid;
+  }
+
+  auto& core_timing = Core::System::GetInstance().GetCoreTiming();
+  core_timing.ScheduleExternalEvent(static_cast<u64>(timepoint), event_type_sync_time_for_ext_event,
+                                    static_cast<u64>(uid), static_cast<u64>(uid));
+}
+
+void NetPlayClient::OnSyncTimepointForExternalEvent(sf::Packet& packet)
+{
+  // A user (not ourselves) is currently waiting to execute an external event and has sent us their
+  // current timepoint to determine what the earliest timepoint the event can execute is.
+
+  PlayerId pid;
+  packet >> pid;
+  sf::Uint64 uid;
+  packet >> uid;
+  sf::Uint64 timepoint;
+  packet >> timepoint;
+
+  DEBUG_LOG_FMT(NETPLAY, "OnSyncTimepointForExternalEvent(): player id {}, timepoint {}, uid {}",
+                u8(pid), timepoint, uid);
+
+  {
+    std::lock_guard lk(s_event_sync_mutex);
+    auto& event_data = s_event_sync_map[static_cast<u64>(uid)];
+    {
+      std::lock_guard lk2(event_data.mutex);
+      event_data.map[pid] = static_cast<u64>(timepoint);
+    }
+    event_data.cv.notify_all();
+  }
+}
+
 void NetPlayClient::OnPing(sf::Packet& packet)
 {
   u32 ping_key = 0;
@@ -2361,6 +2440,14 @@ void NetPlayClient::RequestStopGame()
     SendStopGamePacket();
 }
 
+void NetPlayClient::ScheduleExternalEvent(ExternalEventID id)
+{
+  sf::Packet packet;
+  packet << MessageID::ScheduleExternalEvent;
+  packet << id;
+  SendAsync(std::move(packet));
+}
+
 void NetPlayClient::SendPowerButtonEvent()
 {
   sf::Packet packet;
@@ -2687,6 +2774,12 @@ void SetSIPollBatching(bool state)
   s_si_poll_batching = state;
 }
 
+void ScheduleResetButtonTap()
+{
+  ASSERT(IsNetPlayRunning());
+  netplay_client->ScheduleExternalEvent(ExternalEventID::ResetButton);
+}
+
 void SendPowerButtonEvent()
 {
   ASSERT(IsNetPlayRunning());
@@ -2767,6 +2860,103 @@ void NetPlay_Disable()
   std::lock_guard lk(crit_netplay_client);
   netplay_client = nullptr;
 }
+
+static void NetPlayExtEvent(Core::System& system, u64 userdata, s64 cyclesLate)
+{
+  ExternalEventID eeid = static_cast<ExternalEventID>(userdata);
+  switch (eeid)
+  {
+  case ExternalEventID::ResetButton:
+    system.GetProcessorInterface().ResetButton_Tap();
+    break;
+  default:
+    WARN_LOG_FMT(NETPLAY, "NetPlayExtEvent: Invalid event type. ({})", userdata);
+    break;
+  }
+}
+
+void NetPlayClient::SendTimepointForNetPlayEvent(u64 timepoint, u64 uid)
+{
+  sf::Packet packet;
+  packet << MessageID::SyncTimepointForExternalEvent;
+  packet << sf::Uint64(uid);
+  packet << sf::Uint64(timepoint);
+  SendAsync(std::move(packet));
+}
+
+static void NetPlaySyncEvent(Core::System& system, u64 userdata, s64 cyclesLate)
+{
+  // An external event should be executed, but we're not sure of a valid timepoint for it yet. To
+  // figure this out, we now send our current timepoint to all other players (as they do the same),
+  // then once we know all timepoints we execute the event after the last timepoint of any player;
+  // this ensures that every player can run it at the same timepoint and thus stay deterministic
+  // with eachother.
+
+  auto& core_timing = system.GetCoreTiming();
+  const u64 timepoint = core_timing.GetTicks();
+  ExternalEventSyncData* ptr_event_data;
+  {
+    std::lock_guard lk(s_event_sync_mutex);
+    ptr_event_data = &s_event_sync_map[userdata];
+  }
+  auto& event_data = *ptr_event_data;
+
+  {
+    std::lock_guard lk(event_data.mutex);
+    event_data.map[netplay_client->GetLocalPlayerId()] = timepoint;
+  }
+
+  netplay_client->SendTimepointForNetPlayEvent(timepoint, userdata);
+  const size_t num_players = netplay_client->GetPlayers().size();
+
+  bool do_schedule = false;
+  u64 latest_timepoint = 0;
+  {
+    std::unique_lock<std::mutex> lock(event_data.mutex);
+    if (event_data.map.size() != num_players)
+    {
+      DEBUG_LOG_FMT(NETPLAY, "NetPlaySyncEvent({}): Waiting for timepoints.", userdata);
+      event_data.cv.wait_for(lock, std::chrono::seconds(5), [&event_data, num_players] {
+        return event_data.map.size() == num_players;
+      });
+    }
+    if (event_data.map.size() != num_players)
+    {
+      WARN_LOG_FMT(NETPLAY, "NetPlaySyncEvent({}): Timed out waiting for timepoints.", userdata);
+    }
+    else
+    {
+      for (const auto& it : event_data.map)
+      {
+        DEBUG_LOG_FMT(NETPLAY, "NetPlaySyncEvent({}): Timepoint {} from player {}.", userdata,
+                      it.second, u8(it.first));
+        latest_timepoint = std::max(it.second, latest_timepoint);
+      }
+      do_schedule = true;
+    }
+  }
+
+  const ExternalEventID eeid = event_data.event_id;
+
+  {
+    std::lock_guard lk(s_event_sync_mutex);
+    s_event_sync_map.erase(userdata);
+  }
+
+  if (do_schedule)
+  {
+    core_timing.ScheduleExternalEvent(latest_timepoint + 1, event_type_ext_event,
+                                      static_cast<u64>(eeid), userdata);
+  }
+}
+
+void NetPlay_RegisterEvents()
+{
+  auto& core_timing = Core::System::GetInstance().GetCoreTiming();
+  event_type_ext_event = core_timing.RegisterEvent("NetPlayExtEvent", NetPlayExtEvent);
+  event_type_sync_time_for_ext_event =
+      core_timing.RegisterEvent("NetPlaySyncEvent", NetPlaySyncEvent);
+}
 }  // namespace NetPlay
 
 // stuff hacked into dolphin
diff --git a/Source/Core/Core/NetPlayClient.h b/Source/Core/Core/NetPlayClient.h
index 4eece1525a..7fc363e847 100644
--- a/Source/Core/Core/NetPlayClient.h
+++ b/Source/Core/Core/NetPlayClient.h
@@ -130,6 +130,8 @@ public:
   bool ChangeGame(const std::string& game);
   void SendChatMessage(const std::string& msg);
   void RequestStopGame();
+  void SendTimepointForNetPlayEvent(u64 timepoint, u64 uid);
+  void ScheduleExternalEvent(ExternalEventID id);
   void SendPowerButtonEvent();
   void SendActiveGeckoCodes();
   void GetActiveGeckoCodes();
@@ -300,6 +302,8 @@ private:
   void OnStartGame(sf::Packet& packet);
   void OnStopGame(sf::Packet& packet);
   void OnPowerButton();
+  void OnScheduleExternalEvent(sf::Packet& packet);
+  void OnSyncTimepointForExternalEvent(sf::Packet& packet);
   void OnPing(sf::Packet& packet);
   void OnPlayerPingData(sf::Packet& packet);
   void OnDesyncDetected(sf::Packet& packet);
@@ -359,4 +363,6 @@ void NetPlay_Enable(NetPlayClient* const np);
 void NetPlay_Disable();
 bool NetPlay_GetWiimoteData(const std::span<NetPlayClient::WiimoteDataBatchEntry>& entries);
 unsigned int NetPlay_GetLocalWiimoteForSlot(unsigned int slot);
+
+void NetPlay_RegisterEvents();
 }  // namespace NetPlay
diff --git a/Source/Core/Core/NetPlayProto.h b/Source/Core/Core/NetPlayProto.h
index a20aee39ce..217a6a63f7 100644
--- a/Source/Core/Core/NetPlayProto.h
+++ b/Source/Core/Core/NetPlayProto.h
@@ -169,6 +169,9 @@ enum class MessageID : u8
   HostInputAuthority = 0xA6,
   PowerButton = 0xA7,
 
+  ScheduleExternalEvent = 0xA8,
+  SyncTimepointForExternalEvent = 0xA9,
+
   TimeBase = 0xB0,
   DesyncDetected = 0xB1,
 
@@ -220,6 +223,12 @@ enum class SyncCodeID : u8
   Failure = 6,
 };
 
+enum class ExternalEventID : u8
+{
+  None = 0,
+  ResetButton = 1,
+};
+
 constexpr u32 MAX_NAME_LENGTH = 30;
 constexpr size_t CHUNKED_DATA_UNIT_SIZE = 16384;
 constexpr u32 MAX_ENET_MTU = 1392;  // see https://github.com/lsalzman/enet/issues/132
@@ -257,6 +266,7 @@ std::string GetPlayerMappingString(PlayerId pid, const PadMappingArray& pad_map,
                                    const PadMappingArray& wiimote_map);
 bool IsNetPlayRunning();
 void SetSIPollBatching(bool state);
+void ScheduleResetButtonTap();
 void SendPowerButtonEvent();
 std::string GetGBASavePath(int pad_num);
 PadDetails GetPadDetails(int pad_num);
diff --git a/Source/Core/Core/NetPlayServer.cpp b/Source/Core/Core/NetPlayServer.cpp
index 1634d3689f..0915410298 100644
--- a/Source/Core/Core/NetPlayServer.cpp
+++ b/Source/Core/Core/NetPlayServer.cpp
@@ -62,6 +62,7 @@
 #include "Core/NetPlayClient.h"  //for NetPlayUI
 #include "Core/NetPlayCommon.h"
 #include "Core/SyncIdentifier.h"
+#include "Core/System.h"
 
 #include "DiscIO/Enums.h"
 #include "DiscIO/RiivolutionPatcher.h"
@@ -1243,6 +1244,47 @@ unsigned int NetPlayServer::OnData(sf::Packet& packet, Client& player)
   }
   break;
 
+  case MessageID::ScheduleExternalEvent:
+  {
+    ExternalEventID eeid;
+    packet >> eeid;
+
+    sf::Packet spac;
+    spac << MessageID::ScheduleExternalEvent;
+    spac << eeid;
+    const u64 uid = m_external_event_uid_counter++;
+    spac << sf::Uint64(uid);
+    auto& core_timing = Core::System::GetInstance().GetCoreTiming();
+
+    // We schedule the event in the future so that it's likely it will reach all users in time.
+    // There's a syncing logic in place to ensure the event executes at the same timepoint
+    // everywhere even if this packet is a bit too late, but the sync can get tripped up (and
+    // subsequently time out) if there's too large of a time distance between multiple players
+    // executing the sync function, because one of them may be waiting for controller input while
+    // another is waiting for the event timepoint sync.
+    const u64 target_timepoint =
+        static_cast<u64>(core_timing.GetGlobals().global_timer) + SystemTimers::GetTicksPerSecond();
+    spac << sf::Uint64(target_timepoint);
+    SendToClients(spac);
+  }
+  break;
+
+  case MessageID::SyncTimepointForExternalEvent:
+  {
+    sf::Uint64 uid;
+    packet >> uid;
+    sf::Uint64 timepoint;
+    packet >> timepoint;
+
+    sf::Packet spac;
+    spac << MessageID::SyncTimepointForExternalEvent;
+    spac << player.pid;
+    spac << uid;
+    spac << timepoint;
+    SendToClients(spac, player.pid);
+  }
+  break;
+
   default:
     PanicAlertFmtT("Unknown message with id:{0} received from player:{1} Kicking player!",
                    static_cast<u8>(mid), player.pid);
diff --git a/Source/Core/Core/NetPlayServer.h b/Source/Core/Core/NetPlayServer.h
index 621b7cfe40..4894be1094 100644
--- a/Source/Core/Core/NetPlayServer.h
+++ b/Source/Core/Core/NetPlayServer.h
@@ -214,5 +214,7 @@ private:
   Common::TraversalClient* m_traversal_client = nullptr;
   NetPlayUI* m_dialog = nullptr;
   NetPlayIndex m_index;
+
+  u64 m_external_event_uid_counter = 0;
 };
 }  // namespace NetPlay
diff --git a/Source/Core/DolphinQt/MainWindow.cpp b/Source/Core/DolphinQt/MainWindow.cpp
index 6065c4ab54..4a7b69f0ac 100644
--- a/Source/Core/DolphinQt/MainWindow.cpp
+++ b/Source/Core/DolphinQt/MainWindow.cpp
@@ -1122,7 +1122,7 @@ void MainWindow::Reset()
   auto& movie = system.GetMovie();
   if (movie.IsRecordingInput())
     movie.SetReset(true);
-  system.GetProcessorInterface().ResetButton_Tap();
+  system.GetProcessorInterface().ResetButton_Tap_FromUser();
 }
 
 void MainWindow::FrameAdvance()