| Award | Player | Team |
| Player of the Year | Bo Wilkerson | Raleigh |
| Front Office Bowl MVP | Tony Edwards | Los Angeles |
| Coach of the Year | Donnie Hook | Manchester |
| Legend of the Game | Matt Leinart | Indianapolis |
| Offensive Player of the Year | Bo Wilkerson | Raleigh |
| Defensive Player of the Year | Dennis Brennan | St. Louis |
| Offensive Rookie of the Year | Brad Cathey | Philadelphia |
| Defensive Rookie of the Year | Dean Pierce | Philadelphia |
| All-League First Team Quarterback | Ian Griffin | Tennessee |
| All-League First Team Running Back | Bo Wilkerson | Raleigh |
| All-League First Team Fullback | Leroy Hartman | New York |
| All-League First Team Tight End | Jorge Strong | New England |
| All-League First Team Wide Receiver | Harry Tyler | Atlanta |
| All-League First Team Wide Receiver | Lance Vazquez | Tennessee |
| All-League First Team Center | Kenneth Troglia | Baltimore |
| All-League First Team Offensive Guard | Blaine Comer | San Francisco |
| All-League First Team Offensive Guard | Al Whitfield | Oakland |
| All-League First Team Offensive Tackle | Herman Money | Pittsburgh |
| All-League First Team Offensive Tackle | Eugene Monroe | New England |
| All-League First Team Punter | Gary Myles | Kansas City |
| All-League First Team Kicker | Walt Donaldson | New Orleans |
| All-League First Team Defensive End | Shawn Billick | New Orleans |
| All-League First Team Defensive End | B.J. Raji | Los Angeles |
| All-League First Team Defensive Tackle | Mack Money | New York |
| All-League First Team Defensive Tackle | Edwin Banks | Minnesota |
| All-League First Team Inside Linebacker | Dennis Brennan | St. Louis |
| All-League First Team Outside Linebacker | Kennedy McGahee | Carolina |
| All-League First Team Outside Linebacker | Jordon Dizon | St. Louis |
| All-League First Team Cornerback | Mickey Garciaparra | Baltimore |
| All-League First Team Cornerback | Dean Pierce | Philadelphia |
| All-League First Team Safety | Wade Moroney | Miami |
| All-League First Team Safety | Patrick Chung | New York |
| All-League Second Team Quarterback | Tanner Taylor | Manchester |
| All-League Second Team Running Back | Terry Noisy | New England |
| All-League Second Team Fullback | Devin Money | Dallas |
| All-League Second Team Tight End | Bennie Shapiro | Seattle |
| All-League Second Team Wide Receiver | Corwin Gonzalez | Los Angeles |
| All-League Second Team Wide Receiver | Donnie Avery | Jacksonville |
| All-League Second Team Center | Phil Horenstein | Jacksonville |
| All-League Second Team Offensive Guard | Jesse Kitna | Baltimore |
| All-League Second Team Offensive Guard | Elbert Monroe | New York |
| All-League Second Team Offensive Tackle | J.R. Tatum | Washington |
| All-League Second Team Offensive Tackle | Adrian Headley | Washington |
| All-League Second Team Punter | Thomas Morstead | St. Louis |
| All-League Second Team Kicker | Cedric Diaz | New England |
| All-League Second Team Defensive End | Craig Stephenson | Green Bay |
| All-League Second Team Defensive End | Jesse Wharry | Detroit |
| All-League Second Team Defensive Tackle | Jason Shirley | San Francisco |
| All-League Second Team Defensive Tackle | J.C. Cencerik | Los Angeles |
| All-League Second Team Inside Linebacker | Ike Niffenegger | Los Angeles |
| All-League Second Team Outside Linebacker | Jessie Gehrig | Denver |
| All-League Second Team Outside Linebacker | Karl Gray | Philadelphia |
| All-League Second Team Cornerback | Leodis McKelvin | Jacksonville |
| All-League Second Team Cornerback | Doug Word | Carolina |
| All-League Second Team Safety | Rickey Friedman | Washington |
| All-League Second Team Safety | Edward Strong | Chicago |
| League's Fastest Man | Dean Pierce | Philadelphia |
| League's Strongest Man | Les Jordon | Denver |