| Award | Player | Team |
| Player of the Year | Claude Wyatt | Chicago |
| Front Office Bowl MVP | Alan Poole | New Orleans |
| Coach of the Year | Ricardo Reilly | Chicago |
| Legend of the Game | Shane Wooden | Green Bay |
| Offensive Player of the Year | Claude Wyatt | Chicago |
| Defensive Player of the Year | Richard Blackston | Green Bay |
| Offensive Rookie of the Year | Pete Sutton | Denver |
| Defensive Rookie of the Year | Rich Banks | New Orleans |
| All-League First Team Quarterback | Claude Wyatt | Chicago |
| All-League First Team Running Back | Pete Sutton | Denver |
| All-League First Team Fullback | A.J. Nunley | New Jersey |
| All-League First Team Tight End | Sam Houston | Tennessee |
| All-League First Team Wide Receiver | Preston Stevenson | New Orleans |
| All-League First Team Wide Receiver | Broderick Poole | Philadelphia |
| All-League First Team Center | Van Kelly | Denver |
| All-League First Team Offensive Guard | Lance Salter | Denver |
| All-League First Team Offensive Guard | Keith Delgado | Kansas City |
| All-League First Team Offensive Tackle | Randal Moffitt | Baltimore |
| All-League First Team Offensive Tackle | Riddick Ross | San Francisco |
| All-League First Team Punter | Tyrone Gillespie | Carolina |
| All-League First Team Kicker | J.R. Marston | Kansas City |
| All-League First Team Defensive End | Xavier Flagg | Tampa Bay |
| All-League First Team Defensive End | Max Cabacungan | Jacksonville |
| All-League First Team Defensive Tackle | Perry Atkins | Denver |
| All-League First Team Defensive Tackle | Marty Schwartz | Jacksonville |
| All-League First Team Inside Linebacker | Jumbo Starks | Detroit |
| All-League First Team Outside Linebacker | Richard Blackston | Green Bay |
| All-League First Team Outside Linebacker | Jamie Houck | Tennessee |
| All-League First Team Cornerback | Andrew Marzano | Carolina |
| All-League First Team Cornerback | Tyrell Starks | Miami |
| All-League First Team Safety | Rex Ramirez | Denver |
| All-League First Team Safety | R.J. Braddock | Carolina |
| All-League Second Team Quarterback | Henry Garcia | Pittsburgh |
| All-League Second Team Running Back | Lester Flannery | Seattle |
| All-League Second Team Fullback | Gene Winslett | Philadelphia |
| All-League Second Team Tight End | J.T. Sousa | Green Bay |
| All-League Second Team Wide Receiver | Sam Sutton | Arizona |
| All-League Second Team Wide Receiver | Russell Garrison | Cleveland |
| All-League Second Team Center | Quinn Robertson | Kansas City |
| All-League Second Team Offensive Guard | Sean Lee | New Jersey |
| All-League Second Team Offensive Guard | William Coffey | New England |
| All-League Second Team Offensive Tackle | Tyrus Tate | Atlanta |
| All-League Second Team Offensive Tackle | Artie Stydahar | Chicago |
| All-League Second Team Punter | Gerald Strong | Detroit |
| All-League Second Team Kicker | Damon Farmer | San Francisco |
| All-League Second Team Defensive End | Gene McKenzie | Carolina |
| All-League Second Team Defensive End | Jared Mendes | Cleveland |
| All-League Second Team Defensive Tackle | Winston Crespo | San Francisco |
| All-League Second Team Defensive Tackle | Gus Breaux | Cincinnati |
| All-League Second Team Inside Linebacker | Rusty Grice | Washington |
| All-League Second Team Outside Linebacker | B.J. Bernard | Dallas |
| All-League Second Team Outside Linebacker | Billy Joe Shawver | Detroit |
| All-League Second Team Cornerback | Arnie Cooley | Atlanta |
| All-League Second Team Cornerback | Glen James | New York |
| All-League Second Team Safety | Adrian Hastings | Buffalo |
| All-League Second Team Safety | Jamal Norton | Arizona |
| League's Fastest Man | Courtney Karamanos | Pittsburgh |
| League's Strongest Man | Kent Mills | New York |