| Award | Player | Team |
| Player of the Year | Bo Jackson | Houston |
| Front Office Bowl MVP | Brian Mitchell | Minnesota |
| Coach of the Year | Eric Spencer | Minnesota |
| Legend of the Game | Parnell Dickinson | Baltimore |
| Offensive Player of the Year | Bo Jackson | Houston |
| Defensive Player of the Year | Gary Plummer | Carolina |
| Offensive Rookie of the Year | Ricky Watters | Los Angeles |
| Defensive Rookie of the Year | Mark Maddox | New Orleans |
| All-League First Team Quarterback | Dan Marino | Minnesota |
| All-League First Team Running Back | Bo Jackson | Houston |
| All-League First Team Fullback | Harvey Williams | Carolina |
| All-League First Team Tight End | Keith McKeller | Tennessee |
| All-League First Team Wide Receiver | Jerry Rice | Los Angeles |
| All-League First Team Wide Receiver | Kenny Lofton | Indianapolis |
| All-League First Team Center | Bart Oates | Minnesota |
| All-League First Team Offensive Guard | Randy Dixon | New England |
| All-League First Team Offensive Guard | Jim Dombrowski | Houston |
| All-League First Team Offensive Tackle | Broderick Thompson | Seattle |
| All-League First Team Offensive Tackle | Ken Ruettgers | Denver |
| All-League First Team Punter | Joe Prokop | San Diego |
| All-League First Team Kicker | Chip Lohmiller | Cleveland |
| All-League First Team Defensive End | Reggie Camp | New York (N) |
| All-League First Team Defensive End | Burt Grossman | New England |
| All-League First Team Defensive Tackle | Mike Gray | Seattle |
| All-League First Team Defensive Tackle | Jerome Brown | Indianapolis |
| All-League First Team Inside Linebacker | Chris Benoit | New York (N) |
| All-League First Team Outside Linebacker | Gary Plummer | Carolina |
| All-League First Team Outside Linebacker | Ken Harvey | Minnesota |
| All-League First Team Cornerback | Scott Case | Chicago |
| All-League First Team Cornerback | Ray Crockett | New England |
| All-League First Team Safety | Steve Atwater | Los Angeles |
| All-League First Team Safety | Keith Bostic | Philadelphia |
| All-League Second Team Quarterback | Ken O'Brien | Cincinnati |
| All-League Second Team Running Back | Emmitt Smith | Denver |
| All-League Second Team Fullback | Dan Majerle | Cincinnati |
| All-League Second Team Tight End | Jonathan Hayes | Atlanta |
| All-League Second Team Wide Receiver | Michael Irvin | Cincinnati |
| All-League Second Team Wide Receiver | Andre Reed | Cleveland |
| All-League Second Team Center | Bruce Kozerski | Seattle |
| All-League Second Team Offensive Guard | Tony Mandarich | San Francisco |
| All-League Second Team Offensive Guard | Chris Riehm | Seattle |
| All-League Second Team Offensive Tackle | Kirk Scrafford | Detroit |
| All-League Second Team Offensive Tackle | Keith Uecker | Carolina |
| All-League Second Team Punter | Chris Mohr | Tampa Bay |
| All-League Second Team Kicker | Jerry Kauric | Kansas City |
| All-League Second Team Defensive End | Joel Smeenge | Seattle |
| All-League Second Team Defensive End | Tony Tolbert | Indianapolis |
| All-League Second Team Defensive Tackle | William Perry | New York (A) |
| All-League Second Team Defensive Tackle | Bill Maas | Cincinnati |
| All-League Second Team Inside Linebacker | Karl Mecklenburg | San Francisco |
| All-League Second Team Outside Linebacker | David Little | Kansas City |
| All-League Second Team Outside Linebacker | Cornelius Bennett | Tampa Bay |
| All-League Second Team Cornerback | James Hasty | Tennessee |
| All-League Second Team Cornerback | Donnell Woolford | Houston |
| All-League Second Team Safety | Carlton Williamson | Carolina |
| All-League Second Team Safety | Joey Browner | Washington |
| League's Fastest Man | Stephen Baker | Carolina |
| League's Strongest Man | William Roberts | New York (A) |