| Award | Player | Team |
| Player of the Year | Dan Marino | Miami |
| Front Office Bowl MVP | Leonard Coleman | Miami |
| Coach of the Year | Kirk Crownover | Memphis |
| Legend of the Game | Pat Donovan | Dallas |
| Offensive Player of the Year | Dan Marino | Miami |
| Defensive Player of the Year | Chris Doleman | Green Bay |
| Offensive Rookie of the Year | Sterling Sharpe | Detroit |
| Defensive Rookie of the Year | Rueben Davis | Dallas |
| All-League First Team Quarterback | Dan Marino | Miami |
| All-League First Team Running Back | Eric Dickerson | Los Angeles |
| All-League First Team Fullback | Earl Ferrell | Philadelphia |
| All-League First Team Tight End | Sam Bowers | Philadelphia |
| All-League First Team Wide Receiver | Jerry Rice | Tampa Bay |
| All-League First Team Wide Receiver | Sterling Sharpe | Detroit |
| All-League First Team Center | Fred Quillan | San Francisco |
| All-League First Team Offensive Guard | Jesse Sapolu | San Francisco |
| All-League First Team Offensive Guard | Howie Finch | Baltimore |
| All-League First Team Offensive Tackle | Joe Jacoby | Washington |
| All-League First Team Offensive Tackle | Harold Norfleet | Denver |
| All-League First Team Punter | Bucky Scribner | Green Bay |
| All-League First Team Kicker | Nick Lowery | Memphis |
| All-League First Team Defensive End | Chris Doleman | Green Bay |
| All-League First Team Defensive End | Richard Dent | San Diego |
| All-League First Team Defensive Tackle | Tim Krumrie | Cincinnati |
| All-League First Team Defensive Tackle | Steve McMichael | Birmingham |
| All-League First Team Inside Linebacker | Vaughan Johnson | Miami |
| All-League First Team Outside Linebacker | Bob Crable | Dallas |
| All-League First Team Outside Linebacker | Billy Ray Smith | Memphis |
| All-League First Team Cornerback | Ronnie Lott | San Francisco |
| All-League First Team Cornerback | Demetrious Johnson | Baltimore |
| All-League First Team Safety | David Fulcher | Miami |
| All-League First Team Safety | Kenny Hill | Philadelphia |
| All-League Second Team Quarterback | Joe Montana | San Francisco |
| All-League Second Team Running Back | Marcus Allen | Portland (OR) |
| All-League Second Team Fullback | Larry Kinnebrew | Washington |
| All-League Second Team Tight End | Don Warren | San Diego |
| All-League Second Team Wide Receiver | Eric Truvillion | Memphis |
| All-League Second Team Wide Receiver | Henry Ellard | Pittsburgh |
| All-League Second Team Center | Tom Rafferty | Los Angeles |
| All-League Second Team Offensive Guard | Bruce Matthews | Houston |
| All-League Second Team Offensive Guard | William Roberts | Seattle |
| All-League Second Team Offensive Tackle | Jackie Slater | Los Angeles |
| All-League Second Team Offensive Tackle | John Alt | Jacksonville |
| All-League Second Team Punter | Rich Camarillo | Baltimore |
| All-League Second Team Kicker | Rafael Septien | Denver |
| All-League Second Team Defensive End | Reggie White | Los Angeles |
| All-League Second Team Defensive End | Dexter Manley | Denver |
| All-League Second Team Defensive Tackle | Don Smith | Miami |
| All-League Second Team Defensive Tackle | Wayne Hock | Minnesota |
| 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 | Riki Ellison | Baltimore |
| All-League Second Team Cornerback | Steve Brown | Green Bay |
| All-League Second Team Cornerback | Mike Richardson | Minnesota |
| All-League Second Team Safety | Joey Browner | Minnesota |
| All-League Second Team Safety | Russell Gary | Houston |
| League's Fastest Man | Calvin Sweeney | New Orleans |
| League's Strongest Man | Mark May | Minnesota |