| Award | Player | Team |
| Player of the Year | Derrick Banner | Durham |
| Front Office Bowl MVP | Derrick Banner | Durham |
| Coach of the Year | Kendrick Burgess | Hartford |
| Legend of the Game | Lonnie Habich | Boise |
| Offensive Player of the Year | Derrick Banner | Durham |
| Defensive Player of the Year | Herb Welborn | Omaha |
| Offensive Rookie of the Year | Archie Diaz | Durham |
| Defensive Rookie of the Year | Nicky Davidson | Long Beach |
| All-League First Team Quarterback | Derrick Banner | Durham |
| All-League First Team Running Back | Graham Burks | Omaha |
| All-League First Team Fullback | Jason Kegley | Cleveland |
| All-League First Team Tight End | Broderick Grigsby | Shreveport |
| All-League First Team Wide Receiver | C.J. Hicks | Boston |
| All-League First Team Wide Receiver | Dwight Terrell | Las Vegas |
| All-League First Team Center | David Rubio | Baltimore |
| All-League First Team Offensive Guard | Ernie Hayes | El Paso |
| All-League First Team Offensive Guard | Amos Sorota | Omaha |
| All-League First Team Offensive Tackle | Phillip Pierce | Honolulu |
| All-League First Team Offensive Tackle | D.J. Scott | Tucson |
| All-League First Team Punter | Gus Rivers | Santa Cruz |
| All-League First Team Kicker | Darren Wickman | Shreveport |
| All-League First Team Defensive End | Monty Kerchner | Tucson |
| All-League First Team Defensive End | James Winslett | Denver |
| All-League First Team Defensive Tackle | Nick Baniewicz | Tucson |
| All-League First Team Defensive Tackle | B.J. Fultz | Chicago |
| All-League First Team Inside Linebacker | Carlos Beito | Hartford |
| All-League First Team Outside Linebacker | Herb Welborn | Omaha |
| All-League First Team Outside Linebacker | Artie Theophilakos | Hartford |
| All-League First Team Cornerback | Neal Summers | Tucson |
| All-League First Team Cornerback | Louis LaGrange | Tulsa |
| All-League First Team Safety | J.R. Chandler | Durham |
| All-League First Team Safety | Kris Fung | Boston |
| All-League Second Team Quarterback | Kent Goodwin | Tucson |
| All-League Second Team Running Back | Arnie Lanner | Honolulu |
| All-League Second Team Fullback | Brady Kaplan | Denver |
| All-League Second Team Tight End | Graham Jacobson | Seattle |
| All-League Second Team Wide Receiver | Phil Banks | Durham |
| All-League Second Team Wide Receiver | Ethan Corwin | Tulsa |
| All-League Second Team Center | Desmond Guajardo | Honolulu |
| All-League Second Team Offensive Guard | Rick Fisher | Honolulu |
| All-League Second Team Offensive Guard | Anthony King | Tulsa |
| All-League Second Team Offensive Tackle | Darren Singleton | Hartford |
| All-League Second Team Offensive Tackle | Marshall Weinstein | Brooklyn |
| All-League Second Team Punter | Cornelius Davidson | Long Beach |
| All-League Second Team Kicker | Norm Doman | Tucson |
| All-League Second Team Defensive End | Blake Faulk | Fargo |
| All-League Second Team Defensive End | J.T. Chaky | Seattle |
| All-League Second Team Defensive Tackle | Aaron Saunders | Albany |
| All-League Second Team Defensive Tackle | George McCarroll | Fargo |
| All-League Second Team Inside Linebacker | Jorge Kaplan | Omaha |
| All-League Second Team Outside Linebacker | Dusty Uribe | Anchorage |
| All-League Second Team Outside Linebacker | Wesley Dotson | El Paso |
| All-League Second Team Cornerback | Dan Burroughs | Anchorage |
| All-League Second Team Cornerback | Ken Watkins | Hartford |
| All-League Second Team Safety | Courtney Fulton | San Antonio |
| All-League Second Team Safety | Tommy Erickson | Santa Cruz |
| League's Fastest Man | Andrew Seelbach | Detroit |
| League's Strongest Man | Rodney Anderson | Seattle |