| Award | Player | Team |
| Player of the Year | Shawn Rennicke | El Paso |
| Front Office Bowl MVP | Steve Clancy | Salt Lake City |
| Coach of the Year | Neal Knaga | Salt Lake City |
| Legend of the Game | Willie Samuels | Raleigh-Durham |
| Offensive Player of the Year | Shawn Rennicke | El Paso |
| Defensive Player of the Year | Randy Schaffer | Toledo |
| Offensive Rookie of the Year | Harvey Hardy | Oklahoma City |
| Defensive Rookie of the Year | Ross Methe | Hartford |
| All-League First Team Quarterback | Shawn Rennicke | El Paso |
| All-League First Team Running Back | Percy Holcomb | Wichita |
| All-League First Team Fullback | Julio Coleman | Kentucky |
| 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 | Eddie Franklin | Omaha |
| All-League First Team Center | Dwayne Nichols | Toledo |
| All-League First Team Offensive Guard | Rufus Tenney | Oklahoma City |
| All-League First Team Offensive Guard | Vinny Whitfield | Grand Rapids |
| All-League First Team Offensive Tackle | Ernest Schafer | Las Vegas |
| All-League First Team Offensive Tackle | Thomas Middleton | Salt Lake City |
| All-League First Team Punter | Myron Irwin | Hartford |
| All-League First Team Kicker | Phil Joseph | Knoxville |
| All-League First Team Defensive End | Harvey Hardy | Birmingham |
| All-League First Team Defensive End | Ben Barlow | Sacramento |
| All-League First Team Defensive Tackle | Mercury Ogden | Albuquerque |
| All-League First Team Defensive Tackle | Leroy Nixon | Columbus (OH) |
| All-League First Team Inside Linebacker | Albert Linquist | Oklahoma City |
| All-League First Team Outside Linebacker | Randy Schaffer | Toledo |
| All-League First Team Outside Linebacker | Ted Morton | El Paso |
| All-League First Team Cornerback | Lester Rodgers | Austin |
| All-League First Team Cornerback | Sammy Jarvis | Providence |
| All-League First Team Safety | Tom Cole | Charleston |
| All-League First Team Safety | Timothy Palumbo | Little Rock |
| All-League Second Team Quarterback | Emmitt Russell | Wichita |
| All-League Second Team Running Back | Allen Griffith | Honolulu |
| All-League Second Team Fullback | Sam Airhart | Tulsa |
| All-League Second Team Tight End | Antoine Whiting | Oklahoma City |
| All-League Second Team Wide Receiver | Jack Parker | El Paso |
| All-League Second Team Wide Receiver | Jerome Covey | Birmingham |
| All-League Second Team Center | Dwayne Ranney | Wichita |
| All-League Second Team Offensive Guard | Earnest Haggan | Charleston |
| All-League Second Team Offensive Guard | Dustin Pigg | Norfolk |
| All-League Second Team Offensive Tackle | Jared Copeland | Greenville |
| All-League Second Team Offensive Tackle | Alan Reinsch | Salt Lake City |
| All-League Second Team Punter | Jerry McCotter | Salt Lake City |
| All-League Second Team Kicker | Bert Greer | Portland |
| All-League Second Team Defensive End | Chuck Sellers | Wichita |
| All-League Second Team Defensive End | J.B. Kalter | Syracuse |
| All-League Second Team Defensive Tackle | Jake Morris | Albuquerque |
| All-League Second Team Defensive Tackle | Will McKay | Memphis |
| All-League Second Team Inside Linebacker | Steven Kirk | Austin |
| All-League Second Team Outside Linebacker | Gilbert Centeno | Richmond |
| All-League Second Team Outside Linebacker | Ronald Flannery | Albany |
| All-League Second Team Cornerback | Lester Franklin | Denver |
| All-League Second Team Cornerback | Jamie Woodard | Columbus (OH) |
| All-League Second Team Safety | Craig Madore | Omaha |
| All-League Second Team Safety | Roy Saturday | Tucson |
| League's Fastest Man | Bobby Griese | Norfolk |
| League's Strongest Man | Gabe Dixon | Tucson |