| Award | Player | Team |
| Player of the Year | Leroy Tarkenton | Charleston |
| Front Office Bowl MVP | Ike Rose | Oklahoma City |
| Coach of the Year | Dave Tomich | Honolulu |
| Legend of the Game | Pat Bishop | Sacramento |
| Offensive Player of the Year | Ike Rose | Oklahoma City |
| Defensive Player of the Year | J.B. Kalter | Albuquerque |
| Offensive Rookie of the Year | J.C. Montes | Albany |
| Defensive Rookie of the Year | Will Boesiger | Providence |
| All-League First Team Quarterback | Ike Rose | Oklahoma City |
| All-League First Team Running Back | Mack Lary | Denver |
| All-League First Team Fullback | Sam Airhart | Tulsa |
| All-League First Team Tight End | Timothy Stine | Austin |
| All-League First Team Wide Receiver | Dean Schilling | Oklahoma City |
| All-League First Team Wide Receiver | Lorenzo Bryden | Omaha |
| All-League First Team Center | Randy Boone | Richmond |
| All-League First Team Offensive Guard | Don Muhammad | Richmond |
| All-League First Team Offensive Guard | Percy Nichols | Honolulu |
| All-League First Team Offensive Tackle | Robert Downs | Fresno |
| All-League First Team Offensive Tackle | Maurice Crane | Wichita |
| All-League First Team Punter | Carlton Torres | Salt Lake City |
| All-League First Team Kicker | Henry Cornell | Albany |
| All-League First Team Defensive End | J.B. Kalter | Albuquerque |
| All-League First Team Defensive End | Frankie Benedyk | Greenville |
| All-League First Team Defensive Tackle | Deion Daggett | Grand Rapids |
| All-League First Team Defensive Tackle | Barry Danskin | Grand Rapids |
| All-League First Team Inside Linebacker | Ross Methe | Toledo |
| All-League First Team Outside Linebacker | Daryl Erickson | Little Rock |
| All-League First Team Outside Linebacker | Jeffrey Ashenfelter | Sacramento |
| All-League First Team Cornerback | Will Boesiger | Providence |
| All-League First Team Cornerback | Jermaine Martz | Albany |
| All-League First Team Safety | Marvin Hawkins | Honolulu |
| All-League First Team Safety | Bart Blackwell | Salt Lake City |
| All-League Second Team Quarterback | Leroy Tarkenton | Charleston |
| All-League Second Team Running Back | J.C. Montes | Albany |
| All-League Second Team Fullback | Isaac Huntley | Grand Rapids |
| All-League Second Team Tight End | Heath Umenyiora | Denver |
| All-League Second Team Wide Receiver | Louis Palmer | El Paso |
| All-League Second Team Wide Receiver | Jerry Terry | Honolulu |
| All-League Second Team Center | Kelvin DuBois | Knoxville |
| All-League Second Team Offensive Guard | Darren Bilek | Albany |
| All-League Second Team Offensive Guard | Herman Garrett | Wichita |
| All-League Second Team Offensive Tackle | Brad Fulcher | Honolulu |
| All-League Second Team Offensive Tackle | Ted Rodriguez | Columbus (OH) |
| All-League Second Team Punter | Graham Rasnic | Sacramento |
| All-League Second Team Kicker | Jimmy Colman | Toledo |
| All-League Second Team Defensive End | Leon Marek | Greenville |
| All-League Second Team Defensive End | Teddy Glen | Denver |
| All-League Second Team Defensive Tackle | Lonnie Joyner | Austin |
| All-League Second Team Defensive Tackle | Ian Van Pelt | Memphis |
| All-League Second Team Inside Linebacker | Ronnie Green | Hartford |
| All-League Second Team Outside Linebacker | Zach Grinnell | Portland |
| All-League Second Team Outside Linebacker | Chad Garth | Albany |
| All-League Second Team Cornerback | Moe Hayward | Raleigh-Durham |
| All-League Second Team Cornerback | Rich Vera | Memphis |
| All-League Second Team Safety | John Coletta | Omaha |
| All-League Second Team Safety | Corwin Hutchings | Tucson |
| League's Fastest Man | Jerry Terry | Honolulu |
| League's Strongest Man | Carl Burns | Raleigh-Durham |