| Award | Player | Team |
| Player of the Year | Levon Eskenazi | Denver |
| Front Office Bowl MVP | Byron Leftwich | Denver |
| Coach of the Year | Karl Burbank | Boise |
| Legend of the Game | George Foster | Charlotte |
| Offensive Player of the Year | Levon Eskenazi | Denver |
| Defensive Player of the Year | Kendall Rayburn | Newark |
| Offensive Rookie of the Year | B.J. Brandon | Santa Rosa |
| Defensive Rookie of the Year | Nathan Kerr | Wichita |
| All-League First Team Quarterback | Brett Sanders | Tallahassee |
| All-League First Team Running Back | Levon Eskenazi | Denver |
| All-League First Team Fullback | Terrance Cichanski | Hartford |
| All-League First Team Tight End | Corwin Wilson | Atlanta |
| All-League First Team Wide Receiver | Gary Kemp | Dakota |
| All-League First Team Wide Receiver | Vincent Griffith | Tampa Bay |
| All-League First Team Center | Sherman Ciotti | Hartford |
| All-League First Team Offensive Guard | Jose Cassidy | Richmond |
| All-League First Team Offensive Guard | Oscar Maloney | Baltimore |
| All-League First Team Offensive Tackle | Tito Ward | Baltimore |
| All-League First Team Offensive Tackle | Bernard Correia | Richmond |
| All-League First Team Punter | Tyrus Kirk | Los Angeles |
| All-League First Team Kicker | Maurice Prescott | Santa Rosa |
| All-League First Team Defensive End | Shawn Burns | Orange County |
| All-League First Team Defensive End | Glen Wooden | Richmond |
| All-League First Team Defensive Tackle | Tyrell Napiecek | Champaign |
| All-League First Team Defensive Tackle | Mitch Nattiel | Boise |
| All-League First Team Inside Linebacker | Terry Pierce | Minnesota |
| All-League First Team Outside Linebacker | Kendall Rayburn | Newark |
| All-League First Team Outside Linebacker | Perry Cone | Denver |
| All-League First Team Cornerback | Harvey Rogers | Newark |
| All-League First Team Cornerback | Bernie Ristic | Sacramento |
| All-League First Team Safety | A.J. Patton | Erie |
| All-League First Team Safety | Juan Burke | Baton Rouge |
| All-League Second Team Quarterback | Leo Herrick | Portland (OR) |
| All-League Second Team Running Back | Nick Warfield | Orange County |
| All-League Second Team Fullback | Tyrus Mussi | Baltimore |
| All-League Second Team Tight End | Norm Parker | Newark |
| All-League Second Team Wide Receiver | Courtney Krosney | Portland (OR) |
| All-League Second Team Wide Receiver | Harris Payne | Richmond |
| All-League Second Team Center | Steven Austin | Santa Rosa |
| All-League Second Team Offensive Guard | Karl Franklin | Erie |
| All-League Second Team Offensive Guard | Michael Idler | Newark |
| All-League Second Team Offensive Tackle | Percy Reese | Denver |
| All-League Second Team Offensive Tackle | George Foster | Charlotte |
| All-League Second Team Punter | Mitch Hanlon | Baton Rouge |
| All-League Second Team Kicker | Winston Paige | Boston |
| All-League Second Team Defensive End | Cole Rivera | St. Louis |
| All-League Second Team Defensive End | Shawn Woodson | Los Angeles |
| All-League Second Team Defensive Tackle | Sherman May | Orange County |
| All-League Second Team Defensive Tackle | Vince Bruce | Orlando |
| All-League Second Team Inside Linebacker | Irv Henson | San Diego |
| All-League Second Team Outside Linebacker | Kenny Britt | Portland (OR) |
| All-League Second Team Outside Linebacker | Marvin Finch | Minnesota |
| All-League Second Team Cornerback | Ben Oskia | New Orleans |
| All-League Second Team Cornerback | Carl Matthews | Denver |
| All-League Second Team Safety | Tyrone Henson | Newark |
| All-League Second Team Safety | Marlon Phillips | St. Louis |
| League's Fastest Man | Clay Chapman | St. Louis |
| League's Strongest Man | R.J. Lunney | San Francisco |