| Award | Player | Team |
| Player of the Year | Brett Favre | St. Louis |
| Front Office Bowl MVP | Steve Young | Los Angeles |
| Coach of the Year | Mason Geisen | Minnesota |
| Legend of the Game | Dan Marino | Minnesota |
| Offensive Player of the Year | Brett Favre | St. Louis |
| Defensive Player of the Year | Yev Kassem | Atlanta |
| Offensive Rookie of the Year | Lawrence Phillips | Miami |
| Defensive Rookie of the Year | Jerome Woods | Atlanta |
| All-League First Team Quarterback | Brett Favre | St. Louis |
| All-League First Team Running Back | Jamal Anderson | Minnesota |
| All-League First Team Fullback | Tony Richardson | San Francisco |
| All-League First Team Tight End | Wesley Walls | Detroit |
| All-League First Team Wide Receiver | Haywood Jeffires | Tennessee |
| All-League First Team Wide Receiver | Antonio Freeman | New England |
| All-League First Team Center | Tony Mayberry | Dallas |
| All-League First Team Offensive Guard | Jim Dombrowski | Houston |
| All-League First Team Offensive Guard | Randy Dixon | Los Angeles |
| All-League First Team Offensive Tackle | Tony Boselli | Minnesota |
| All-League First Team Offensive Tackle | Paul Gruber | Los Angeles |
| All-League First Team Punter | Ruben Rodriguez | Philadelphia |
| All-League First Team Kicker | Cole Ford | New England |
| All-League First Team Defensive End | Shante Carver | Tennessee |
| All-League First Team Defensive End | Chester McGlockton | Tampa Bay |
| All-League First Team Defensive Tackle | Jim Flanagan | Green Bay |
| All-League First Team Defensive Tackle | Jeff Wright | Carolina |
| All-League First Team Inside Linebacker | Yev Kassem | Atlanta |
| All-League First Team Outside Linebacker | Ricardo McDonald | Houston |
| All-League First Team Outside Linebacker | Kenny Tippins | Kansas City |
| All-League First Team Cornerback | Todd Lyght | Washington |
| All-League First Team Cornerback | Doug Evans | Tampa Bay |
| All-League First Team Safety | Steve Atwater | St. Louis |
| All-League First Team Safety | Henry Jones | Dallas |
| All-League Second Team Quarterback | Dan Marino | Minnesota |
| All-League Second Team Running Back | Bo Jackson | Houston |
| All-League Second Team Fullback | Christian Okoye | Green Bay |
| All-League Second Team Tight End | Mark Chmura | Cincinnati |
| All-League Second Team Wide Receiver | Cris Carter | St. Louis |
| All-League Second Team Wide Receiver | Darnay Scott | Denver |
| All-League Second Team Center | Rocky Saturday | Miami |
| All-League Second Team Offensive Guard | Adam Timmerman | San Francisco |
| All-League Second Team Offensive Guard | Anthony Redmon | Minnesota |
| All-League Second Team Offensive Tackle | Gary Zimmerman | Dallas |
| All-League Second Team Offensive Tackle | Broderick Thompson | Seattle |
| All-League Second Team Punter | Todd Sauerbrun | Washington |
| All-League Second Team Kicker | Chris Jacke | Houston |
| All-League Second Team Defensive End | Michael Strahan | Atlanta |
| All-League Second Team Defensive End | Anthony Smith | Tennessee |
| All-League Second Team Defensive Tackle | Cortez Kennedy | Atlanta |
| All-League Second Team Defensive Tackle | Ted Washington | Baltimore |
| All-League Second Team Inside Linebacker | Winfred Tubbs | Baltimore |
| All-League Second Team Outside Linebacker | Frank Slade | Minnesota |
| All-League Second Team Outside Linebacker | Mark Fields | Miami |
| All-League Second Team Cornerback | Jason Sehorn | Buffalo |
| All-League Second Team Cornerback | Aeneas Williams | Tampa Bay |
| All-League Second Team Safety | Danny Copeland | Detroit |
| All-League Second Team Safety | Chris Oldham | Cincinnati |
| League's Fastest Man | Stephen Baker | Denver |
| League's Strongest Man | Adam Timmerman | San Francisco |