| Award | Player | Team |
| Player of the Year | Bart Bensen | Dallas |
| Front Office Bowl MVP | Harry Davidson | Denver |
| Coach of the Year | Kelly Allen | New York |
| Legend of the Game | Keith Flynn | Atlanta |
| Offensive Player of the Year | Kevin McIntyre | Pittsburgh |
| Defensive Player of the Year | Lamar Holt | Baltimore |
| Offensive Rookie of the Year | Johnny Sands | St. Louis |
| Defensive Rookie of the Year | William Stanton | Buffalo |
| All-League First Team Quarterback | Bart Bensen | Dallas |
| All-League First Team Running Back | Kevin McIntyre | Pittsburgh |
| All-League First Team Fullback | Carlos Coles | Seattle |
| All-League First Team Tight End | Jerald Grusendorf | Chicago |
| All-League First Team Wide Receiver | Duane Terrell | Los Angeles |
| All-League First Team Wide Receiver | Tim Lane | Indianapolis |
| All-League First Team Center | Sherman Cole | Chicago |
| All-League First Team Offensive Guard | Toby Small | Pittsburgh |
| All-League First Team Offensive Guard | Ronald Bensen | Arizona |
| All-League First Team Offensive Tackle | Lionel Nyren | Buffalo |
| All-League First Team Offensive Tackle | Phil Sanderson | Pittsburgh |
| All-League First Team Punter | George Bey | Philadelphia |
| All-League First Team Kicker | Brian Laudrup | Jacksonville |
| All-League First Team Defensive End | Toby Gillespie | Tampa Bay |
| All-League First Team Defensive End | J.C. Mitchell | Minnesota |
| All-League First Team Defensive Tackle | Victor Lotter | Pittsburgh |
| All-League First Team Defensive Tackle | Xavier Ellard | New England |
| All-League First Team Inside Linebacker | Billy Joe Butler | Tampa Bay |
| All-League First Team Outside Linebacker | Lamar Holt | Baltimore |
| All-League First Team Outside Linebacker | Dusty Dickson | Tampa Bay |
| All-League First Team Cornerback | Damon Brandon | Green Bay |
| All-League First Team Cornerback | Carlton Romo | New England |
| All-League First Team Safety | Irv Burns | Carolina |
| All-League First Team Safety | Dennis Tepper | Philadelphia |
| All-League Second Team Quarterback | Kurt Stone | New England |
| All-League Second Team Running Back | Cary Gardner | New York |
| All-League Second Team Fullback | Quinn Parrish | Houston |
| All-League Second Team Tight End | Wesley Mumper | New York |
| All-League Second Team Wide Receiver | Malcolm Lyons | Miami |
| All-League Second Team Wide Receiver | David Buchanan | Tampa Bay |
| All-League Second Team Center | Louis Roybal | Baltimore |
| All-League Second Team Offensive Guard | Joe Walton | New York |
| All-League Second Team Offensive Guard | K.C. Eichhorst | Atlanta |
| All-League Second Team Offensive Tackle | Quinn Reis | Denver |
| All-League Second Team Offensive Tackle | Ethan Beyer | Tennessee |
| All-League Second Team Punter | Ricky Marsh | Cincinnati |
| All-League Second Team Kicker | Darrell Whiting | Arizona |
| All-League Second Team Defensive End | Darrin Branch | SoCal |
| All-League Second Team Defensive End | Bruce Osinaga | Oakland |
| All-League Second Team Defensive Tackle | Erik Albin | Atlanta |
| All-League Second Team Defensive Tackle | Trevor McMahan | SoCal |
| All-League Second Team Inside Linebacker | Herb Maloney | Cincinnati |
| All-League Second Team Outside Linebacker | Damon Cunningham | Jacksonville |
| All-League Second Team Outside Linebacker | Victor Burroughs | Green Bay |
| All-League Second Team Cornerback | Buddy Lindsay | Tampa Bay |
| All-League Second Team Cornerback | Thurman Pence | Atlanta |
| All-League Second Team Safety | Norm Heath | Kansas City |
| All-League Second Team Safety | Ben Duran | Houston |
| League's Fastest Man | Jessie Stinnett | Kansas City |
| League's Strongest Man | Joseph Imlay | San Francisco |