| Award | Player | Team |
| Player of the Year | John Elway | Denver |
| Front Office Bowl MVP | John Elway | Denver |
| Coach of the Year | Riddick Sampson | Denver |
| Legend of the Game | Freddie Solomon | San Francisco |
| Offensive Player of the Year | John Elway | Denver |
| Defensive Player of the Year | Lawrence Taylor | New York |
| Offensive Rookie of the Year | Bo Jackson | Baltimore |
| Defensive Rookie of the Year | John Offerdahl | Tampa Bay |
| All-League First Team Quarterback | John Elway | Denver |
| All-League First Team Running Back | Eric Dickerson | Los Angeles |
| All-League First Team Fullback | Buford McGee | Memphis |
| All-League First Team Tight End | Rodney Holman | Dallas |
| All-League First Team Wide Receiver | Art Monk | Arizona |
| All-League First Team Wide Receiver | Jerry Rice | Tampa Bay |
| All-League First Team Center | Ray Donaldson | Baltimore |
| All-League First Team Offensive Guard | Bruce Matthews | Houston |
| All-League First Team Offensive Guard | Jesse Sapolu | San Francisco |
| All-League First Team Offensive Tackle | Billy Shields | Philadelphia |
| All-League First Team Offensive Tackle | Deron Clinton | San Francisco |
| All-League First Team Punter | Jim Arnold | Washington |
| All-League First Team Kicker | Donald Igwebuike | Kansas City |
| All-League First Team Defensive End | Dexter Manley | Washington |
| All-League First Team Defensive End | Dwaine Board | Dallas |
| All-League First Team Defensive Tackle | Tim Krumrie | Cincinnati |
| All-League First Team Defensive Tackle | Fred Smerlas | Buffalo |
| All-League First Team Inside Linebacker | Frank Manumaleuga | Philadelphia |
| All-League First Team Outside Linebacker | Lawrence Taylor | New York |
| All-League First Team Outside Linebacker | Riki Ellison | Baltimore |
| All-League First Team Cornerback | Ronnie Lott | San Francisco |
| All-League First Team Cornerback | Cedric Mack | Cincinnati |
| All-League First Team Safety | David Greenwood | Memphis |
| All-League First Team Safety | Dennis Smith | Denver |
| All-League Second Team Quarterback | Joe Montana | San Francisco |
| All-League Second Team Running Back | Freeman McNeil | Memphis |
| All-League Second Team Fullback | Woody Bennett | Tampa Bay |
| All-League Second Team Tight End | Pete Holohan | Memphis |
| All-League Second Team Wide Receiver | Mark Duper | Miami |
| All-League Second Team Wide Receiver | James Lofton | Green Bay |
| All-League Second Team Center | Fred Quillan | San Francisco |
| All-League Second Team Offensive Guard | William Roberts | Seattle |
| All-League Second Team Offensive Guard | Dan Fike | Kansas City |
| All-League Second Team Offensive Tackle | Luis Sharpe | St. Louis |
| All-League Second Team Offensive Tackle | Jim Lachey | Cleveland |
| All-League Second Team Punter | Craig Colquitt | New York |
| All-League Second Team Kicker | Morten Andersen | Cincinnati |
| All-League Second Team Defensive End | Chris Doleman | Green Bay |
| All-League Second Team Defensive End | Jim Jeffcoat | Memphis |
| All-League Second Team Defensive Tackle | Charlie Johnson | Portland (OR) |
| All-League Second Team Defensive Tackle | Don Smith | Green Bay |
| All-League Second Team Inside Linebacker | Johnny Rembert | New England |
| All-League Second Team Outside Linebacker | Andre Tippett | New England |
| All-League Second Team Outside Linebacker | Charles Baker | Denver |
| All-League Second Team Cornerback | Carl Allen | Atlanta |
| All-League Second Team Cornerback | Danny Walters | Houston |
| All-League Second Team Safety | Joey Browner | Minnesota |
| All-League Second Team Safety | Todd Bell | Pittsburgh |
| League's Fastest Man | Ronnie Lott | San Francisco |
| League's Strongest Man | Richard Dent | Chicago |