| Award | Player | Team |
| Player of the Year | Freddie Ginsberg | Honolulu |
| Front Office Bowl MVP | Shawn Rennicke | El Paso |
| Coach of the Year | Levon Battle | Wichita |
| Legend of the Game | Sammy Compton | Albuquerque |
| Offensive Player of the Year | Freddie Ginsberg | Honolulu |
| Defensive Player of the Year | Randy Schaffer | Toledo |
| Offensive Rookie of the Year | Mack Lary | Denver |
| Defensive Rookie of the Year | Bruce De Jesus | Knoxville |
| All-League First Team Quarterback | Freddie Ginsberg | Honolulu |
| All-League First Team Running Back | Allen Griffith | Honolulu |
| All-League First Team Fullback | Derrick Mahoney | Little Rock |
| 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 | Richie Ruzzin | Sacramento |
| All-League First Team Center | Dwayne Ranney | Wichita |
| All-League First Team Offensive Guard | Juan Swindler | El Paso |
| All-League First Team Offensive Guard | Roderick Carlisle | Omaha |
| All-League First Team Offensive Tackle | Thomas Middleton | El Paso |
| All-League First Team Offensive Tackle | Brad Fulcher | Honolulu |
| All-League First Team Punter | Myron Irwin | Hartford |
| All-League First Team Kicker | C.J. Reilly | Birmingham |
| All-League First Team Defensive End | Dexter Blair | Norfolk |
| All-League First Team Defensive End | Ben Barlow | Sacramento |
| All-League First Team Defensive Tackle | Mercury Ogden | Albuquerque |
| All-League First Team Defensive Tackle | Desmond Mayes | Oklahoma City |
| All-League First Team Inside Linebacker | Corey Dixon | Sacramento |
| All-League First Team Outside Linebacker | Randy Schaffer | Toledo |
| All-League First Team Outside Linebacker | Corwin Robertson | Columbus (OH) |
| All-League First Team Cornerback | Bart Kirk | Toledo |
| All-League First Team Cornerback | Robert Jamison | Oklahoma City |
| All-League First Team Safety | Jake Wynn | Oklahoma City |
| All-League First Team Safety | Glen Newton | Hartford |
| All-League Second Team Quarterback | Raymond Flowers | Sacramento |
| All-League Second Team Running Back | Bryant Codie | Little Rock |
| All-League Second Team Fullback | Alfred Shelton | Honolulu |
| All-League Second Team Tight End | Leo Woodard | Sacramento |
| All-League Second Team Wide Receiver | Jack Parker | El Paso |
| All-League Second Team Wide Receiver | Jerome Covey | Birmingham |
| All-League Second Team Center | Amos Ackerman | Omaha |
| All-League Second Team Offensive Guard | Blake McClinton | Richmond |
| All-League Second Team Offensive Guard | Vinny Whitfield | Grand Rapids |
| All-League Second Team Offensive Tackle | Leon Malchow | Kentucky |
| All-League Second Team Offensive Tackle | Jared Copeland | Greenville |
| All-League Second Team Punter | Billy Joe Marsh | Kentucky |
| All-League Second Team Kicker | Tyrus Rivers | Fresno |
| All-League Second Team Defensive End | Leroy Nixon | Columbus (OH) |
| All-League Second Team Defensive End | Harvey Hardy | Birmingham |
| All-League Second Team Defensive Tackle | Kelly Wiggins | Tucson |
| All-League Second Team Defensive Tackle | Glen Mazurek | Knoxville |
| All-League Second Team Inside Linebacker | Edward Hansen | Little Rock |
| All-League Second Team Outside Linebacker | Ronald Shea | Little Rock |
| All-League Second Team Outside Linebacker | Roy Romo | Albuquerque |
| All-League Second Team Cornerback | Norbert Jacobs | Sacramento |
| All-League Second Team Cornerback | Preston Dawson | El Paso |
| All-League Second Team Safety | Ethan Maurice | Tulsa |
| All-League Second Team Safety | Andre Jenkins | Greenville |
| League's Fastest Man | Timothy Wiggins | Charleston |
| League's Strongest Man | C.J. Hatcher | Raleigh-Durham |