| Award | Player | Team |
| Player of the Year | Carson Palmer | Baltimore |
| Front Office Bowl MVP | Wes Rayburn | Kansas City |
| Coach of the Year | Joe Jurevic | Detroit |
| Legend of the Game | Ben Troupe | Tennessee |
| Offensive Player of the Year | Carson Palmer | Baltimore |
| Defensive Player of the Year | J.J. Hickman | Denver |
| Offensive Rookie of the Year | Zach Sanford | Miami |
| Defensive Rookie of the Year | Brant Campbell | San Francisco |
| All-League First Team Quarterback | Carson Palmer | Baltimore |
| All-League First Team Running Back | Corwin Latimer | San Francisco |
| All-League First Team Fullback | Thurman Sharkey | Tampa Bay |
| All-League First Team Tight End | Rufus Birk | Washington |
| All-League First Team Wide Receiver | Gene Walton | New England |
| All-League First Team Wide Receiver | Brandon Connell | Pittsburgh |
| All-League First Team Center | Leon Flynn | San Francisco |
| All-League First Team Offensive Guard | Hunter Dawson | Detroit |
| All-League First Team Offensive Guard | Matthew Jamison | Jacksonville |
| All-League First Team Offensive Tackle | Cornell Pence | Kansas City |
| All-League First Team Offensive Tackle | Norman Hutchins | Cincinnati |
| All-League First Team Punter | Fernando MacPhee | Denver |
| All-League First Team Kicker | Antonio Schottenheimer | Tampa Bay |
| All-League First Team Defensive End | J.J. Hickman | Denver |
| All-League First Team Defensive End | Marcus Turnbull | New Jersey |
| All-League First Team Defensive Tackle | Jim Bravata | New Jersey |
| All-League First Team Defensive Tackle | A.J. Maltman | Los Angeles |
| All-League First Team Inside Linebacker | Brant Campbell | San Francisco |
| All-League First Team Outside Linebacker | Tito Moss | Cincinnati |
| All-League First Team Outside Linebacker | Ernest Griffith | Houston |
| All-League First Team Cornerback | Duane Quinn | Buffalo |
| All-League First Team Cornerback | Julio Ungerer | Salt Lake City |
| All-League First Team Safety | Mercury Brooks | Dallas |
| All-League First Team Safety | Rod Jenkins | Pittsburgh |
| All-League Second Team Quarterback | Quentin Dennis | Detroit |
| All-League Second Team Running Back | Ray Barkshadt | Cincinnati |
| All-League Second Team Fullback | Stanley Grant | Salt Lake City |
| All-League Second Team Tight End | Corwin Marzano | Detroit |
| All-League Second Team Wide Receiver | Mike Boyer | Green Bay |
| All-League Second Team Wide Receiver | Jack Gaines | Baltimore |
| All-League Second Team Center | Winston Kinney | Arizona |
| All-League Second Team Offensive Guard | Courtney Anderson | Miami |
| All-League Second Team Offensive Guard | Ron Madison | Green Bay |
| All-League Second Team Offensive Tackle | Aaron Arriola | Tennessee |
| All-League Second Team Offensive Tackle | Donald Hampton | Detroit |
| All-League Second Team Punter | Ricky Wesner | Jacksonville |
| All-League Second Team Kicker | Dominic Lundgren | Green Bay |
| All-League Second Team Defensive End | Emmanuel Thompson | Kansas City |
| All-League Second Team Defensive End | Wayne Banks | Cincinnati |
| All-League Second Team Defensive Tackle | Rich Swift | Detroit |
| All-League Second Team Defensive Tackle | Kenneth Corlett | Minnesota |
| All-League Second Team Inside Linebacker | Joey Neimeyer | Minnesota |
| All-League Second Team Outside Linebacker | Heath McKnight | Kansas City |
| All-League Second Team Outside Linebacker | Clay Kelly | Seattle |
| All-League Second Team Cornerback | Tommie Guerin | Detroit |
| All-League Second Team Cornerback | Dwight Cochrane | Miami |
| All-League Second Team Safety | Harvey Lock | Tennessee |
| All-League Second Team Safety | Korey Terrell | Philadelphia |
| League's Fastest Man | Jimmie Samuels | San Francisco |
| League's Strongest Man | Ron Madison | Green Bay |