| Award | Player | Team |
| Player of the Year | Fred Taylor | Minnesota |
| Front Office Bowl MVP | Stan Humphries | Indianapolis |
| Coach of the Year | Joe Taylor | Minnesota |
| Legend of the Game | Ken O'Brien | New York (A) |
| Offensive Player of the Year | Fred Taylor | Minnesota |
| Defensive Player of the Year | Ryan Phillips | Denver |
| Offensive Rookie of the Year | Fred Taylor | Minnesota |
| Defensive Rookie of the Year | Eric Brown | Dallas |
| All-League First Team Quarterback | Steve McNair | Carolina |
| All-League First Team Running Back | Fred Taylor | Minnesota |
| All-League First Team Fullback | Mike Alstott | New England |
| All-League First Team Tight End | Stephen Alexander | Buffalo |
| All-League First Team Wide Receiver | Torrance Small | Green Bay |
| All-League First Team Wide Receiver | Herman Moore | Los Angeles |
| All-League First Team Center | Cory Raymer | Minnesota |
| All-League First Team Offensive Guard | Chris Dishman | Minnesota |
| All-League First Team Offensive Guard | Anthony Redmon | Minnesota |
| All-League First Team Offensive Tackle | Tony Boselli | Minnesota |
| All-League First Team Offensive Tackle | Marcus Spears | Denver |
| All-League First Team Punter | Don Silvestri | Indianapolis |
| All-League First Team Kicker | Phil Dawson | Minnesota |
| All-League First Team Defensive End | Tony Brackens | Chicago |
| All-League First Team Defensive End | Shawn King | Green Bay |
| All-League First Team Defensive Tackle | Cortez Kennedy | Atlanta |
| All-League First Team Defensive Tackle | Trevor Pryce | Cleveland |
| All-League First Team Inside Linebacker | Yev Kassem | Atlanta |
| All-League First Team Outside Linebacker | Ryan Phillips | Denver |
| All-League First Team Outside Linebacker | Eddie Robinson | Dallas |
| All-League First Team Cornerback | Ronde Barber | Indianapolis |
| All-League First Team Cornerback | Donnie Abraham | Dallas |
| All-League First Team Safety | Omar Stoutmire | Detroit |
| All-League First Team Safety | Joey Tribbiani | New York (A) |
| All-League Second Team Quarterback | Trent Green | Kansas City |
| All-League Second Team Running Back | Ahman Green | Tampa Bay |
| All-League Second Team Fullback | Tony Richardson | San Francisco |
| All-League Second Team Tight End | Kyle Brady | San Francisco |
| All-League Second Team Wide Receiver | Bill Schroeder | Kansas City |
| All-League Second Team Wide Receiver | Rod Smith | New York (A) |
| All-League Second Team Center | Mike Flanagan | Oakland |
| All-League Second Team Offensive Guard | Steve Wisniewski | Jacksonville |
| All-League Second Team Offensive Guard | Chris Gray | Buffalo |
| All-League Second Team Offensive Tackle | Jon Runyan | Pittsburgh |
| All-League Second Team Offensive Tackle | Ross Verba | Tampa Bay |
| All-League Second Team Punter | Will Bryce | New Orleans |
| All-League Second Team Kicker | Adam Vinatieri | St. Louis |
| All-League Second Team Defensive End | Jason Taylor | Chicago |
| All-League Second Team Defensive End | Chester McGlockton | Philadelphia |
| All-League Second Team Defensive Tackle | Frank Bruno | Chicago |
| All-League Second Team Defensive Tackle | Leon Lett | New York (N) |
| All-League Second Team Inside Linebacker | Zach Thomas | Philadelphia |
| All-League Second Team Outside Linebacker | Henri Crockett | Minnesota |
| All-League Second Team Outside Linebacker | Reggie Brown | Washington |
| All-League Second Team Cornerback | Jeff Burris | Philadelphia |
| All-League Second Team Cornerback | Todd Lyght | Washington |
| All-League Second Team Safety | Brian Dawkins | Denver |
| All-League Second Team Safety | Eric Brown | Dallas |
| League's Fastest Man | Brian Griese | Minnesota |
| League's Strongest Man | Alan Faneca | Chicago |