| Award | Player | Team |
| Player of the Year | Rich Hopkins | Washington |
| Front Office Bowl MVP | Jermaine Jordan | Chicago |
| Coach of the Year | Trevor Bennett | Indianapolis |
| Legend of the Game | Daunte Culpepper | Minnesota |
| Offensive Player of the Year | Rich Hopkins | Washington |
| Defensive Player of the Year | Marco Newhart | Dallas |
| Offensive Rookie of the Year | Herb Webb | St. Louis |
| Defensive Rookie of the Year | Duane Quinn | Buffalo |
| All-League First Team Quarterback | Marc Bulger | Miami |
| All-League First Team Running Back | Rich Hopkins | Washington |
| All-League First Team Fullback | Frank Bruce | Detroit |
| All-League First Team Tight End | Ben Troupe | Tennessee |
| All-League First Team Wide Receiver | Brandon Connell | Pittsburgh |
| All-League First Team Wide Receiver | Andre Johnson | Houston |
| All-League First Team Center | Nick Hardwick | Denver |
| All-League First Team Offensive Guard | Montrae Holland | Chicago |
| All-League First Team Offensive Guard | Ron Madison | Green Bay |
| All-League First Team Offensive Tackle | Jordan Gross | Salt Lake City |
| All-League First Team Offensive Tackle | Mark Burton | Chicago |
| All-League First Team Punter | Marlon Stultz | Pittsburgh |
| All-League First Team Kicker | Duane Fox | San Francisco |
| All-League First Team Defensive End | Edgar Humphrey | Jacksonville |
| All-League First Team Defensive End | J.J. Hickman | Denver |
| All-League First Team Defensive Tackle | Jim Bravata | New Jersey |
| All-League First Team Defensive Tackle | Sean Oldfield | Houston |
| All-League First Team Inside Linebacker | Marco Newhart | Dallas |
| All-League First Team Outside Linebacker | Ted Causey | Philadelphia |
| All-League First Team Outside Linebacker | Karlos Dansby | Arizona |
| All-League First Team Cornerback | Brad Fields | Oakland |
| All-League First Team Cornerback | Dunta Robinson | Pittsburgh |
| All-League First Team Safety | Raymond Zellner | Carolina |
| All-League First Team Safety | Kelvin White | Atlanta |
| All-League Second Team Quarterback | Matthew Ruth | Indianapolis |
| All-League Second Team Running Back | Ray Barkshadt | Cincinnati |
| All-League Second Team Fullback | Thurman Sharkey | Tampa Bay |
| All-League Second Team Tight End | Bert Heilman | Los Angeles |
| All-League Second Team Wide Receiver | Gene Walton | New England |
| All-League Second Team Wide Receiver | Scott Andrews | Minnesota |
| All-League Second Team Center | Jake Grove | Miami |
| All-League Second Team Offensive Guard | Kenneth Haywood | New England |
| All-League Second Team Offensive Guard | Blaine McGillicuddy | Washington |
| All-League Second Team Offensive Tackle | Joe Hudson | Green Bay |
| All-League Second Team Offensive Tackle | D.J. Tchoukaleff | Oakland |
| All-League Second Team Punter | Quentin Mitchell | Tampa Bay |
| All-League Second Team Kicker | Tim Hundley | Chicago |
| All-League Second Team Defensive End | Ralph Alexander | Tampa Bay |
| All-League Second Team Defensive End | Andrew Joseph | Dallas |
| All-League Second Team Defensive Tackle | Tommie Harris | Chicago |
| All-League Second Team Defensive Tackle | A.J. Maltman | Los Angeles |
| All-League Second Team Inside Linebacker | Jonathan Vilma | New Jersey |
| All-League Second Team Outside Linebacker | Everett Piccolo | Carolina |
| All-League Second Team Outside Linebacker | Quentin Edwards | Denver |
| All-League Second Team Cornerback | Chris Gamble | Philadelphia |
| All-League Second Team Cornerback | Duane Quinn | Buffalo |
| All-League Second Team Safety | Mike Doss | Indianapolis |
| All-League Second Team Safety | Gabe Austin | Tampa Bay |
| League's Fastest Man | Dustin Cassidy | New Jersey |
| League's Strongest Man | Rob Norris | New Jersey |