| Award | Player | Team |
| Player of the Year | Tim Biakabutuka | Memphis |
| Front Office Bowl MVP | Bobby Hebert | Memphis |
| Coach of the Year | Lamar LaRue | San Francisco |
| Legend of the Game | Steve Young | Baltimore |
| Offensive Player of the Year | Tim Biakabutuka | Memphis |
| Defensive Player of the Year | Jamir Miller | Atlanta |
| Offensive Rookie of the Year | Priest Holmes | St. Louis |
| Defensive Rookie of the Year | Peter Boulware | Seattle |
| All-League First Team Quarterback | Bernie Kosar | Seattle |
| All-League First Team Running Back | Tim Biakabutuka | Memphis |
| All-League First Team Fullback | Brad Muster | Birmingham |
| All-League First Team Tight End | Ben Coates | Miami |
| All-League First Team Wide Receiver | Tim Brown | Memphis |
| All-League First Team Wide Receiver | Jimmy Smith | Cleveland |
| All-League First Team Center | Dermontti Dawson | Birmingham |
| All-League First Team Offensive Guard | Kevin Donnalley | New York |
| All-League First Team Offensive Guard | Will Shields | Pittsburgh |
| All-League First Team Offensive Tackle | Lincoln Kennedy | Los Angeles |
| All-League First Team Offensive Tackle | Max Lane | Pittsburgh |
| All-League First Team Punter | Kent Sullivan | Los Angeles |
| All-League First Team Kicker | Ian Howfield | San Diego |
| All-League First Team Defensive End | Anthony Pleasant | Memphis |
| All-League First Team Defensive End | Chester McGlockton | Cincinnati |
| All-League First Team Defensive Tackle | Warren Sapp | New York |
| All-League First Team Defensive Tackle | Bryant Young | Birmingham |
| All-League First Team Inside Linebacker | Earl Holmes | Birmingham |
| All-League First Team Outside Linebacker | Jamir Miller | Atlanta |
| All-League First Team Outside Linebacker | Jason Gildon | Green Bay |
| All-League First Team Cornerback | Ronde Barber | San Francisco |
| All-League First Team Cornerback | Fred Foggie | Minnesota |
| All-League First Team Safety | Sam Shade | Los Angeles |
| All-League First Team Safety | Marquez Pope | Green Bay |
| All-League Second Team Quarterback | Jeff Garcia | Buffalo |
| All-League Second Team Running Back | Emmitt Smith | San Francisco |
| All-League Second Team Fullback | Tony Richardson | Arizona |
| All-League Second Team Tight End | Itula Mili | Buffalo |
| All-League Second Team Wide Receiver | Eric Moulds | Baltimore |
| All-League Second Team Wide Receiver | Rod Smith | Miami |
| All-League Second Team Center | Mark Stepnoski | Los Angeles |
| All-League Second Team Offensive Guard | Doug Widell | Portland (OR) |
| All-League Second Team Offensive Guard | Larry Allen | Jacksonville |
| All-League Second Team Offensive Tackle | Willie Anderson | Philadelphia |
| All-League Second Team Offensive Tackle | Scott Gragg | Philadelphia |
| All-League Second Team Punter | Matt Turk | Houston |
| All-League Second Team Kicker | Jason Hanson | Cleveland |
| All-League Second Team Defensive End | Phil Hansen | Kansas City |
| All-League Second Team Defensive End | Hurvin McCormack | New York |
| All-League Second Team Defensive Tackle | Mike Wells | Denver |
| All-League Second Team Defensive Tackle | Keith Hamilton | Memphis |
| All-League Second Team Inside Linebacker | Zach Thomas | Kansas City |
| All-League Second Team Outside Linebacker | Peter Boulware | Seattle |
| All-League Second Team Outside Linebacker | Derrick Brooks | Detroit |
| All-League Second Team Cornerback | Thomas Smith | Dallas |
| All-League Second Team Cornerback | Darren Woodson | Birmingham |
| All-League Second Team Safety | Carnell Lake | Tampa Bay |
| All-League Second Team Safety | Darren Sharper | Kansas City |
| League's Fastest Man | Robert Brooks | Philadelphia |
| League's Strongest Man | Bob Whitfield | New Orleans |