| Award | Player | Team |
| Player of the Year | Kim Andersen | Atlanta |
| Front Office Bowl MVP | Glenn Akers | Indianapolis |
| Coach of the Year | Steve Lackey | Atlanta |
| Legend of the Game | Harvey Wilcox | New York (B) |
| Offensive Player of the Year | Kim Andersen | Atlanta |
| Defensive Player of the Year | Ryan Calvert | San Diego |
| Offensive Rookie of the Year | Lamar Shrader | Minnesota |
| Defensive Rookie of the Year | Anthony Newton | Washington |
| All-League First Team Quarterback | Kim Andersen | Atlanta |
| All-League First Team Running Back | Billy Joe Riggs | Chicago |
| All-League First Team Fullback | Wesley Senn | Las Vegas |
| All-League First Team Tight End | Timothy Raggio | Atlanta |
| All-League First Team Wide Receiver | Louis Schneider | New York (B) |
| All-League First Team Wide Receiver | Louie Meier | Phoenix |
| All-League First Team Center | Dennis Alba | Pittsburgh |
| All-League First Team Offensive Guard | Ricky Davison | San Francisco |
| All-League First Team Offensive Guard | Cornelius Thompson | Dallas |
| All-League First Team Offensive Tackle | Dean Kugelmass | Cincinnati |
| All-League First Team Offensive Tackle | Winfred Strauss | Carolina |
| All-League First Team Punter | Monty Griffin | Detroit |
| All-League First Team Kicker | Harold Hanson | Miami |
| All-League First Team Defensive End | Tracy Stanberry | Philadelphia |
| All-League First Team Defensive End | J.T. Abrams | Baltimore |
| All-League First Team Defensive Tackle | Xavier Clements | New Orleans |
| All-League First Team Defensive Tackle | Marcus Felker | Miami |
| All-League First Team Inside Linebacker | Ryan Calvert | San Diego |
| All-League First Team Outside Linebacker | Jamal Meeks | Los Angeles |
| All-League First Team Outside Linebacker | Otis Chadwick | Denver |
| All-League First Team Cornerback | Bert Lofton | Memphis |
| All-League First Team Cornerback | Cedric McGlockton | San Francisco |
| All-League First Team Safety | Darnell Goodfellow | Phoenix |
| All-League First Team Safety | Rex Brummitt | Carolina |
| All-League Second Team Quarterback | Juan Morton | Carolina |
| All-League Second Team Running Back | Barry Apple | Denver |
| All-League Second Team Fullback | Sammie Sylvester | Pittsburgh |
| All-League Second Team Tight End | Dustin Gunn | Carolina |
| All-League Second Team Wide Receiver | Miles Codapuda | Minnesota |
| All-League Second Team Wide Receiver | Vernon Giannitti | Carolina |
| All-League Second Team Center | Bryce Harden | Baltimore |
| All-League Second Team Offensive Guard | J.R. Price | Atlanta |
| All-League Second Team Offensive Guard | Quinn Eddins | Indianapolis |
| All-League Second Team Offensive Tackle | Larry Faulk | Seattle |
| All-League Second Team Offensive Tackle | Lionel Jacobs | Baltimore |
| All-League Second Team Punter | R.J. Coolidge | Seattle |
| All-League Second Team Kicker | Mitchell Hohlt | Cincinnati |
| All-League Second Team Defensive End | Stanley Jones | San Diego |
| All-League Second Team Defensive End | Trent Rand | Baltimore |
| All-League Second Team Defensive Tackle | Jeffrey Belt | Sacramento |
| All-League Second Team Defensive Tackle | Mergatroid Skittle | Washington |
| All-League Second Team Inside Linebacker | Rusty Moon | Carolina |
| All-League Second Team Outside Linebacker | Korey Mattes | Chicago |
| All-League Second Team Outside Linebacker | Edward Warren | New York (W) |
| All-League Second Team Cornerback | Eugene Lee | Philadelphia |
| All-League Second Team Cornerback | Percy Dejesus | Indianapolis |
| All-League Second Team Safety | Gino Sasa | Dallas |
| All-League Second Team Safety | Tony Kelley | Las Vegas |
| League's Fastest Man | Nathan Mason | Denver |
| League's Strongest Man | Corey Tucker | Chicago |