| Award | Player | Team |
| Player of the Year | Albert Schwartz | Las Vegas |
| Front Office Bowl MVP | Edwin Hyman | State College |
| Coach of the Year | Eugene Poston | Texas |
| Legend of the Game | Ronnie Ackerman | Colorado |
| Offensive Player of the Year | Albert Schwartz | Las Vegas |
| Defensive Player of the Year | Winston Falcone | Colorado |
| Offensive Rookie of the Year | Mercury Sander | State College |
| Defensive Rookie of the Year | Cris Seal | Hartford |
| All-League First Team Quarterback | Albert Schwartz | Las Vegas |
| All-League First Team Running Back | Jimmy Reiter | Houston |
| All-League First Team Fullback | Marcus Grauman | Vancouver |
| All-League First Team Tight End | Fred Preston | Texas |
| All-League First Team Wide Receiver | Phillip Diedrich | London |
| All-League First Team Wide Receiver | Bernard Strong | Las Vegas |
| All-League First Team Center | James Robinson | Madison |
| All-League First Team Offensive Guard | Byron Lewandowski | Boston |
| All-League First Team Offensive Guard | Brian Emerson | Portland (OR) |
| All-League First Team Offensive Tackle | Harry Prior | London |
| All-League First Team Offensive Tackle | Teddy Meske | State College |
| All-League First Team Punter | Renaldo Palmer | Montreal |
| All-League First Team Kicker | Tracy Kangas | London |
| All-League First Team Defensive End | Darren Wallace | Georgia |
| All-League First Team Defensive End | Bennie Milnes | Columbia |
| All-League First Team Defensive Tackle | Damon Ellard | Los Angeles |
| All-League First Team Defensive Tackle | Leroy Presley | Colorado |
| All-League First Team Inside Linebacker | Thomas Bean | London |
| All-League First Team Outside Linebacker | Winston Falcone | Colorado |
| All-League First Team Outside Linebacker | Louis McCarthy | Madison |
| All-League First Team Cornerback | Charlie Schenk | Vancouver |
| All-League First Team Cornerback | T.J. Rocco | Miami |
| All-League First Team Safety | Robbie McGee | Miami |
| All-League First Team Safety | Alex Inskeep | Salt Lake City |
| All-League Second Team Quarterback | Danny Ouellette | London |
| All-League Second Team Running Back | Dave Cassidy | McAllen |
| All-League Second Team Fullback | Antonio Bishop | Colorado |
| All-League Second Team Tight End | Thurman Levine | Houston |
| All-League Second Team Wide Receiver | Calvin Lyle | Dakota |
| All-League Second Team Wide Receiver | Raymond Vaughn | State College |
| All-League Second Team Center | Quentin Atiles | Dakota |
| All-League Second Team Offensive Guard | Don Stewart | Dakota |
| All-League Second Team Offensive Guard | Brian Sweeney | State College |
| All-League Second Team Offensive Tackle | Zach Brown | Madison |
| All-League Second Team Offensive Tackle | Mark Palmer | Miami |
| All-League Second Team Punter | Vernon Dirksen | Tijuana |
| All-League Second Team Kicker | Mitchell Shaw | Portland (OR) |
| All-League Second Team Defensive End | Joe Peterson | Boston |
| All-League Second Team Defensive End | Sean Tyler | Calgary |
| All-League Second Team Defensive Tackle | Roman King | Las Vegas |
| All-League Second Team Defensive Tackle | Quentin Peterson | London |
| All-League Second Team Inside Linebacker | Ken Swift | Miami |
| All-League Second Team Outside Linebacker | J.C. Robbins | Montreal |
| All-League Second Team Outside Linebacker | Vince Champion | Norfolk |
| All-League Second Team Cornerback | Gerald Larocque | Colorado |
| All-League Second Team Cornerback | Jimmie Hamilton | London |
| All-League Second Team Safety | Dwayne Hernandez | Boston |
| All-League Second Team Safety | Blake Barden | Pittsburgh |
| League's Fastest Man | John Woodcock | McAllen |
| League's Strongest Man | Tony Haan | Murfreesboro |