| Award | Player | Team |
| Player of the Year | Chris Webb | Lansing |
| Front Office Bowl MVP | Harold Lozier | Norfolk |
| Coach of the Year | Cris Kelly | Little Rock |
| Legend of the Game | Jeromy Lang | Reno |
| Offensive Player of the Year | Chris Webb | Lansing |
| Defensive Player of the Year | Jeffrey Gregorio | Cleveland |
| Offensive Rookie of the Year | Tim Austin | Tulsa |
| Defensive Rookie of the Year | Courtney Cleeland | Hartford |
| All-League First Team Quarterback | Virgil Sepulveda | Vermont |
| All-League First Team Running Back | Chris Webb | Lansing |
| All-League First Team Fullback | Terrance Greeley | Portland |
| All-League First Team Tight End | Alan Bryant | Portland |
| All-League First Team Wide Receiver | Kurt Bice | Oakland |
| All-League First Team Wide Receiver | Justin Whitaker | Georgia |
| All-League First Team Center | Brian Gutierrez | Anchorage |
| All-League First Team Offensive Guard | Andrew Ricciardi | Fresno |
| All-League First Team Offensive Guard | Wilfredo Sheffield | Little Rock |
| All-League First Team Offensive Tackle | Irwin Kao | Newark |
| All-League First Team Offensive Tackle | Wesley Flemming | Hartford |
| All-League First Team Punter | Curt Kwan | Louisiana |
| All-League First Team Kicker | Harris Sanderson | Lansing |
| All-League First Team Defensive End | Louie Maldonado | St. Louis |
| All-League First Team Defensive End | Jose Gilpin | Montreal |
| All-League First Team Defensive Tackle | Andrew Monroe | Murfreesboro |
| All-League First Team Defensive Tackle | Edmund Peacock | Lawrence |
| All-League First Team Inside Linebacker | Virgil McIver | Chicago |
| All-League First Team Outside Linebacker | Jeffrey Gregorio | Cleveland |
| All-League First Team Outside Linebacker | Randell McCreary | Lawrence |
| All-League First Team Cornerback | Dennis Perez | Vancouver |
| All-League First Team Cornerback | Hugo Callahan | Tulsa |
| All-League First Team Safety | Brian Williams | Wichita |
| All-League First Team Safety | Burt Guyette | Louisiana |
| All-League Second Team Quarterback | Nigel Booker | Salt Lake City |
| All-League Second Team Running Back | Alan Crespo | Newark |
| All-League Second Team Fullback | Jamal Cotter | St. Louis |
| All-League Second Team Tight End | Daniel Rich | Georgia |
| All-League Second Team Wide Receiver | Glenn Bess | Texas |
| All-League Second Team Wide Receiver | Max Brown | Vermont |
| All-League Second Team Center | Cordell Marshall | Montreal |
| All-League Second Team Offensive Guard | Jason Downer | Iowa City |
| All-League Second Team Offensive Guard | Vern Hoff | Cleveland |
| All-League Second Team Offensive Tackle | Jared Swink | Salt Lake City |
| All-League Second Team Offensive Tackle | Miles Perkins | Los Angeles |
| All-League Second Team Punter | Charley Rossiter | Pennsylvania |
| All-League Second Team Kicker | Hugh Whiting | Houston |
| All-League Second Team Defensive End | Joe Otey | Madison |
| All-League Second Team Defensive End | Shawn Hernandez | Little Rock |
| All-League Second Team Defensive Tackle | Lynn Phifer | Lansing |
| All-League Second Team Defensive Tackle | John Ash | Murfreesboro |
| All-League Second Team Inside Linebacker | Eric Jean | Tulsa |
| All-League Second Team Outside Linebacker | Bryce Young | Houston |
| All-League Second Team Outside Linebacker | Don Ferrell | Iowa City |
| All-League Second Team Cornerback | Patrick Davey | Oakland |
| All-League Second Team Cornerback | Oliver McKenzie | Georgia |
| All-League Second Team Safety | Ronald Sunderland | Louisiana |
| All-League Second Team Safety | Arthur Rose | Houston |
| League's Fastest Man | Randolph Kennedy | Little Rock |
| League's Strongest Man | Irwin Kao | Newark |