| Award | Player | Team |
| Player of the Year | Allen Fundinger | Omaha |
| Front Office Bowl MVP | Freddie Ginsberg | Honolulu |
| Coach of the Year | Russell Graham | Albany |
| Legend of the Game | Kurt Reiner | Norfolk |
| Offensive Player of the Year | Allen Fundinger | Omaha |
| Defensive Player of the Year | Omar Schneider | Columbus (OH) |
| Offensive Rookie of the Year | Larry Escalante | Charleston |
| Defensive Rookie of the Year | Omar Schneider | Columbus (OH) |
| All-League First Team Quarterback | Allen Fundinger | Omaha |
| All-League First Team Running Back | Nate Herrera | Richmond |
| All-League First Team Fullback | Isaac Huntley | Grand Rapids |
| All-League First Team Tight End | Heath Umenyiora | Denver |
| All-League First Team Wide Receiver | Eddie Franklin | Omaha |
| All-League First Team Wide Receiver | Dean Schilling | Oklahoma City |
| All-League First Team Center | Chester Wilkins | Las Vegas |
| All-League First Team Offensive Guard | Blake McClinton | Columbus (OH) |
| All-League First Team Offensive Guard | Brock Sokol | Salt Lake City |
| All-League First Team Offensive Tackle | Andre Lim | Kentucky |
| All-League First Team Offensive Tackle | Matthew Matthew | Columbus (OH) |
| All-League First Team Punter | Jerry McCotter | Toledo |
| All-League First Team Kicker | Henry Cornell | Albany |
| All-League First Team Defensive End | Wayne Caswell | Providence |
| All-League First Team Defensive End | William Tatum | Austin |
| All-League First Team Defensive Tackle | Zack Shaw | Knoxville |
| All-League First Team Defensive Tackle | Tim Foley | Oklahoma City |
| All-League First Team Inside Linebacker | K.C. Billings | Fresno |
| All-League First Team Outside Linebacker | Omar Schneider | Columbus (OH) |
| All-League First Team Outside Linebacker | Stan Harmon | Honolulu |
| All-League First Team Cornerback | Mitchell Tatum | Knoxville |
| All-League First Team Cornerback | Herb Robson | Denver |
| All-League First Team Safety | Anthony Summers | Albany |
| All-League First Team Safety | Nick Loucks | Albuquerque |
| All-League Second Team Quarterback | C.J. Bevins | Albany |
| All-League Second Team Running Back | Mack Lary | Denver |
| All-League Second Team Fullback | Damon Knight | Oklahoma City |
| All-League Second Team Tight End | Timothy Stine | Austin |
| All-League Second Team Wide Receiver | Louis Palmer | El Paso |
| All-League Second Team Wide Receiver | Ben Word | Austin |
| All-League Second Team Center | Dexter Preston | Portland |
| All-League Second Team Offensive Guard | Jermaine Hermance | Syracuse |
| All-League Second Team Offensive Guard | Henry Kurasch | Albuquerque |
| All-League Second Team Offensive Tackle | Daniel Knight | Albuquerque |
| All-League Second Team Offensive Tackle | Dustin Sevcik | Charleston |
| All-League Second Team Punter | Devin Green | Syracuse |
| All-League Second Team Kicker | Stanley Coles | Providence |
| All-League Second Team Defensive End | Butch Muyers | Richmond |
| All-League Second Team Defensive End | Carlos Sanyika | Charleston |
| All-League Second Team Defensive Tackle | Ian Van Pelt | Memphis |
| All-League Second Team Defensive Tackle | Larry Tyler | Providence |
| All-League Second Team Inside Linebacker | Tommie Monroe | Raleigh-Durham |
| All-League Second Team Outside Linebacker | Jeffrey Ashenfelter | Sacramento |
| All-League Second Team Outside Linebacker | Zach Grinnell | Portland |
| All-League Second Team Cornerback | Leo Terrell | Charleston |
| All-League Second Team Cornerback | Will Boesiger | Providence |
| All-League Second Team Safety | Britt Dent | Raleigh-Durham |
| All-League Second Team Safety | Pete Arnold | Norfolk |
| League's Fastest Man | Deion Fannon | Albany |
| League's Strongest Man | David Scoggin | Hartford |