| Award | Player | Team |
| Player of the Year | Dan Marino | Minnesota |
| Front Office Bowl MVP | Neil Lomax | Tennessee |
| Coach of the Year | Mitchell Comeaux | Cincinnati |
| Legend of the Game | Joe Theismann | Indianapolis |
| Offensive Player of the Year | Dan Marino | Minnesota |
| Defensive Player of the Year | Michael Knight | Cincinnati |
| Offensive Rookie of the Year | Cleveland Gary | St. Louis |
| Defensive Rookie of the Year | Derrick Thomas | Atlanta |
| All-League First Team Quarterback | Dan Marino | Minnesota |
| All-League First Team Running Back | Bo Jackson | Houston |
| All-League First Team Fullback | William Andrews | Green Bay |
| All-League First Team Tight End | Keith Jackson | Cleveland |
| All-League First Team Wide Receiver | Jerry Rice | Los Angeles |
| All-League First Team Wide Receiver | Brett Perriman | New York (A) |
| All-League First Team Center | Mike Baab | Carolina |
| All-League First Team Offensive Guard | Tony Mandarich | San Francisco |
| All-League First Team Offensive Guard | Jim Dombrowski | Houston |
| All-League First Team Offensive Tackle | Broderick Thompson | Seattle |
| All-League First Team Offensive Tackle | Keith Uecker | Carolina |
| All-League First Team Punter | Greg Montgomery | San Francisco |
| All-League First Team Kicker | Mike Wood | New England |
| All-League First Team Defensive End | Pierce Holt | New Orleans |
| All-League First Team Defensive End | Chris Doleman | Indianapolis |
| All-League First Team Defensive Tackle | Keith Millard | Washington |
| All-League First Team Defensive Tackle | Scott Davis | Oakland |
| All-League First Team Inside Linebacker | Karl Mecklenburg | San Francisco |
| All-League First Team Outside Linebacker | Michael Knight | Cincinnati |
| All-League First Team Outside Linebacker | Simon Fletcher | Tennessee |
| All-League First Team Cornerback | Nate Odomes | Baltimore |
| All-League First Team Cornerback | Ronnie Lippett | Buffalo |
| All-League First Team Safety | Joey Browner | Washington |
| All-League First Team Safety | Kenny Easley | Houston |
| All-League Second Team Quarterback | Boomer Esiason | Kansas City |
| All-League Second Team Running Back | Neal Anderson | Dallas |
| All-League Second Team Fullback | Anthony Toney | San Diego |
| All-League Second Team Tight End | Jonathan Hayes | Atlanta |
| All-League Second Team Wide Receiver | Michael Irvin | Cincinnati |
| All-League Second Team Wide Receiver | Reggie Langhorne | San Diego |
| All-League Second Team Center | Keith Kartz | Washington |
| All-League Second Team Offensive Guard | William Roberts | New York (A) |
| All-League Second Team Offensive Guard | Randy Dixon | New England |
| All-League Second Team Offensive Tackle | Will Wolford | Cincinnati |
| All-League Second Team Offensive Tackle | Matt Darwin | San Francisco |
| All-League Second Team Punter | Eddie Hare | Washington |
| All-League Second Team Kicker | Nick Lowery | Kansas City |
| All-League Second Team Defensive End | Reggie White | New England |
| All-League Second Team Defensive End | Reggie Camp | New York (N) |
| All-League Second Team Defensive Tackle | Rich Stachowski | San Diego |
| All-League Second Team Defensive Tackle | Rickey Hagood | Oakland |
| All-League Second Team Inside Linebacker | Chris Benoit | New York (N) |
| All-League Second Team Outside Linebacker | Derrick Thomas | Atlanta |
| All-League Second Team Outside Linebacker | Scott Stephen | Kansas City |
| All-League Second Team Cornerback | Chris Dishman | New York (N) |
| All-League Second Team Cornerback | Reggie Sutton | Atlanta |
| All-League Second Team Safety | Lloyd Burrus | Tennessee |
| All-League Second Team Safety | Carlton Williamson | Carolina |
| League's Fastest Man | Stephen Baker | Carolina |
| League's Strongest Man | Ron Solt | New England |