| Award | Player | Team |
| Player of the Year | Darrin Bryant | Salt Lake City |
| Front Office Bowl MVP | Deron Lomax | Albuquerque |
| Coach of the Year | Ralph Wilcox | Charleston |
| Legend of the Game | Lorenzo Witten | Las Vegas |
| Offensive Player of the Year | Darrin Bryant | Salt Lake City |
| Defensive Player of the Year | Harvey Hardy | Birmingham |
| Offensive Rookie of the Year | C.J. Antel | Toledo |
| Defensive Rookie of the Year | Steven Maioriello | Fresno |
| All-League First Team Quarterback | Sammy Compton | Albuquerque |
| All-League First Team Running Back | Darrin Bryant | Salt Lake City |
| All-League First Team Fullback | Brent McKenzie | Albany |
| All-League First Team Tight End | Cedric Rivera | Little Rock |
| All-League First Team Wide Receiver | Bobby Griese | Norfolk |
| All-League First Team Wide Receiver | Isaac Franz | Hartford |
| All-League First Team Center | Shaun Goodrich | Salt Lake City |
| All-League First Team Offensive Guard | Juan Swindler | El Paso |
| All-League First Team Offensive Guard | Pat Bishop | Sacramento |
| All-League First Team Offensive Tackle | Leon Malchow | Kentucky |
| All-League First Team Offensive Tackle | Alan Reinsch | Salt Lake City |
| All-League First Team Punter | Mercury Cunningham | Tucson |
| All-League First Team Kicker | Martin Bernstein | Salt Lake City |
| All-League First Team Defensive End | Harvey Hardy | Birmingham |
| All-League First Team Defensive End | Leonard Wolfe | Raleigh-Durham |
| All-League First Team Defensive Tackle | Will McKay | Memphis |
| All-League First Team Defensive Tackle | Leroy Nixon | Columbus (OH) |
| All-League First Team Inside Linebacker | Corey Dixon | Sacramento |
| All-League First Team Outside Linebacker | Gilbert Centeno | Richmond |
| All-League First Team Outside Linebacker | Tom Bridges | Greenville |
| All-League First Team Cornerback | Bart Kirk | Toledo |
| All-League First Team Cornerback | Les Christianson | Raleigh-Durham |
| All-League First Team Safety | Craig Madore | Omaha |
| All-League First Team Safety | Randall Gardner | Columbus (OH) |
| All-League Second Team Quarterback | Shawn Rennicke | El Paso |
| All-League Second Team Running Back | Percy Holcomb | Wichita |
| All-League Second Team Fullback | Derrick Mahoney | Little Rock |
| All-League Second Team Tight End | Antoine Whiting | Oklahoma City |
| All-League Second Team Wide Receiver | Steve Arnold | Birmingham |
| All-League Second Team Wide Receiver | Jack Parker | El Paso |
| All-League Second Team Center | Dwayne Ranney | Wichita |
| All-League Second Team Offensive Guard | Ricardo McQuistan | Little Rock |
| All-League Second Team Offensive Guard | Shawn Kramer | Wichita |
| All-League Second Team Offensive Tackle | Brad Fulcher | Honolulu |
| All-League Second Team Offensive Tackle | Bill Tate | Sacramento |
| All-League Second Team Punter | Luke Thornton | Toledo |
| All-League Second Team Kicker | Bert Greer | Portland |
| All-League Second Team Defensive End | J.B. Kalter | Syracuse |
| All-League Second Team Defensive End | Jesse Stringer | Columbus (OH) |
| All-League Second Team Defensive Tackle | Maurice Wickes | Albany |
| All-League Second Team Defensive Tackle | Courtney Hopper | Omaha |
| All-League Second Team Inside Linebacker | Kendrick Wells | Norfolk |
| All-League Second Team Outside Linebacker | Archie Nichols | Wichita |
| All-League Second Team Outside Linebacker | Deion Konruff | Toledo |
| All-League Second Team Cornerback | Duane Harrison | Omaha |
| All-League Second Team Cornerback | Jamie Woodard | Columbus (OH) |
| All-League Second Team Safety | Claude Clanton | Tulsa |
| All-League Second Team Safety | Terrell Goloboy | Providence |
| League's Fastest Man | Isaac Franz | Hartford |
| League's Strongest Man | Leon Malchow | Kentucky |