| Award | Player | Team |
| Player of the Year | Carson Palmer | Denver |
| Front Office Bowl MVP | Carson Palmer | Denver |
| Coach of the Year | Ellis Doyle | Charlotte |
| Legend of the Game | Jon Runyan | Champaign |
| Offensive Player of the Year | Buddy Sommer | Honolulu |
| Defensive Player of the Year | Kendall Rayburn | Newark |
| Offensive Rookie of the Year | Burt Floyd | Newark |
| Defensive Rookie of the Year | Paul Hildebrand | Minnesota |
| All-League First Team Quarterback | Carson Palmer | Denver |
| All-League First Team Running Back | Buddy Sommer | Honolulu |
| All-League First Team Fullback | Ernest Rankin | Tampa Bay |
| All-League First Team Tight End | Todd Heap | Sacramento |
| All-League First Team Wide Receiver | Ashley Lelie | Charlotte |
| All-League First Team Wide Receiver | Andre Johnson | Charlotte |
| All-League First Team Center | Rondell Perot | San Francisco |
| All-League First Team Offensive Guard | Brad Pearson | Austin |
| All-League First Team Offensive Guard | Chris Liwienski | Erie |
| All-League First Team Offensive Tackle | Luke Petitgout | Los Angeles |
| All-League First Team Offensive Tackle | Lincoln Shelton | Sacramento |
| All-League First Team Punter | J.B. Winters | Dakota |
| All-League First Team Kicker | Jeff Wilkins | Tallahassee |
| All-League First Team Defensive End | Dwight Freeney | New York |
| All-League First Team Defensive End | Todd Logan | Richmond |
| All-League First Team Defensive Tackle | Jonathan Sullivan | San Diego |
| All-League First Team Defensive Tackle | Bernard Hayes | Santa Rosa |
| All-League First Team Inside Linebacker | Angelo Crowell | San Diego |
| All-League First Team Outside Linebacker | Kendall Rayburn | Newark |
| All-League First Team Outside Linebacker | Frankie Grier | Baltimore |
| All-League First Team Cornerback | William Peterson | Boise |
| All-League First Team Cornerback | Chris McAlister | New York |
| All-League First Team Safety | Al Wible | Denver |
| All-League First Team Safety | Robert Griffith | Erie |
| All-League Second Team Quarterback | Floyd Sinclair | St. Louis |
| All-League Second Team Running Back | Shaun Ramczyk | Boston |
| All-League Second Team Fullback | Greg Doyle | Wichita |
| All-League Second Team Tight End | Bennie Joppru | Richmond |
| All-League Second Team Wide Receiver | Kevin Johnson | Atlanta |
| All-League Second Team Wide Receiver | Terrell Owens | Tallahassee |
| All-League Second Team Center | Dominic Raiola | Baton Rouge |
| All-League Second Team Offensive Guard | Travis Claridge | San Francisco |
| All-League Second Team Offensive Guard | Otis Spry | Boston |
| All-League Second Team Offensive Tackle | Keith Copeland | Richmond |
| All-League Second Team Offensive Tackle | Levi Jones | Santa Rosa |
| All-League Second Team Punter | Rufus Gibson | Hartford |
| All-League Second Team Kicker | Josh Brown | Santa Rosa |
| All-League Second Team Defensive End | Winfred Thorne | Denali |
| All-League Second Team Defensive End | Richard Seymour | Atlanta |
| All-League Second Team Defensive Tackle | Mitch Nattiel | Boise |
| All-League Second Team Defensive Tackle | Sherman May | Orange County |
| All-League Second Team Inside Linebacker | Mario Linquist | Lancaster |
| All-League Second Team Outside Linebacker | LaVar Arrington | Orlando |
| All-League Second Team Outside Linebacker | Matthew Mason | San Francisco |
| All-League Second Team Cornerback | Dunta Robinson | Atlanta |
| All-League Second Team Cornerback | Chris Crocker | Santa Rosa |
| All-League Second Team Safety | Lamont Thompson | Newark |
| All-League Second Team Safety | Brian Dawkins | Atlanta |
| League's Fastest Man | Hunter Cochrane | Baton Rouge |
| League's Strongest Man | Montrae Holland | Santa Rosa |