| Award | Player | Team |
| Player of the Year | Russell Mathis | New Jersey |
| Front Office Bowl MVP | Roger Compton | Seattle |
| Coach of the Year | B.J. McKenzie | Seattle |
| Legend of the Game | Quentin Dennis | Detroit |
| Offensive Player of the Year | Russell Mathis | New Jersey |
| Defensive Player of the Year | Emmanuel White | Carolina |
| Offensive Rookie of the Year | Cary Gardner | Baltimore |
| Defensive Rookie of the Year | Todd Holton | Los Angeles |
| All-League First Team Quarterback | Russell Mathis | New Jersey |
| All-League First Team Running Back | Van Reed | Houston |
| All-League First Team Fullback | Preston Maloney | San Francisco |
| All-League First Team Tight End | Bill Boyer | SoCal |
| All-League First Team Wide Receiver | Brent Dawkins | Washington |
| All-League First Team Wide Receiver | Jessie Stinnett | Kansas City |
| All-League First Team Center | Kenneth Greer | Tennessee |
| All-League First Team Offensive Guard | Jonathan Alcott | San Francisco |
| All-League First Team Offensive Guard | Ronald Bensen | Seattle |
| All-League First Team Offensive Tackle | Bo Giles | Salt Lake City |
| All-League First Team Offensive Tackle | Riddick Schwartz | Arizona |
| All-League First Team Punter | Sean Blackford | Pittsburgh |
| All-League First Team Kicker | Sammy Woodard | Indianapolis |
| All-League First Team Defensive End | Emmanuel White | Carolina |
| All-League First Team Defensive End | Riddick Davison | Pittsburgh |
| All-League First Team Defensive Tackle | Fred Lercius | St. Louis |
| All-League First Team Defensive Tackle | Walter Greene | Denver |
| All-League First Team Inside Linebacker | Brant Campbell | San Francisco |
| All-League First Team Outside Linebacker | Todd Holton | Los Angeles |
| All-League First Team Outside Linebacker | Clay Kelly | Seattle |
| All-League First Team Cornerback | Dan Boone | Tampa Bay |
| All-League First Team Cornerback | Jerald Gonzalez | Miami |
| All-League First Team Safety | Ben Duran | Houston |
| All-League First Team Safety | Scott Hinch | Denver |
| All-League Second Team Quarterback | Harry Davidson | Seattle |
| All-League Second Team Running Back | Morris Carr | New Jersey |
| All-League Second Team Fullback | Leon McDaniel | Dallas |
| All-League Second Team Tight End | Wesley Mumper | New York |
| All-League Second Team Wide Receiver | Shyrone Abrams | Buffalo |
| All-League Second Team Wide Receiver | Leo Sherman | SoCal |
| All-League Second Team Center | Mario Blazewicz | Dallas |
| All-League Second Team Offensive Guard | Bryce Crow | Tampa Bay |
| All-League Second Team Offensive Guard | Luther Keizur | Tampa Bay |
| All-League Second Team Offensive Tackle | Richie Carr | St. Louis |
| All-League Second Team Offensive Tackle | Irving Deskins | Tennessee |
| All-League Second Team Punter | Norbert Shields | Minnesota |
| All-League Second Team Kicker | Neil Dodge | New England |
| All-League Second Team Defensive End | Toby Gillespie | Tampa Bay |
| All-League Second Team Defensive End | Kent Hickman | Dallas |
| All-League Second Team Defensive Tackle | Trevor McMahan | SoCal |
| All-League Second Team Defensive Tackle | Mo Nussmeier | Washington |
| All-League Second Team Inside Linebacker | Joey Neimeyer | Minnesota |
| All-League Second Team Outside Linebacker | Darrin Seymore | Denver |
| All-League Second Team Outside Linebacker | Conrad Stargell | Miami |
| All-League Second Team Cornerback | Dexter Enriquez | New Jersey |
| All-League Second Team Cornerback | Hunter Michael | New York |
| All-League Second Team Safety | Buddy Burnett | New York |
| All-League Second Team Safety | Allen Stokes | St. Louis |
| League's Fastest Man | Nick Denny | Jacksonville |
| League's Strongest Man | Mike Linquist | Seattle |