| Award | Player | Team |
| Player of the Year | Marcus Allen | Denver |
| Front Office Bowl MVP | Darryl Talley | Buffalo |
| Coach of the Year | Bucky Esslinger | Atlanta |
| Legend of the Game | Kyle Davis | Pittsburgh |
| Offensive Player of the Year | Bo Jackson | Minnesota |
| Defensive Player of the Year | Kevin Greene | Pittsburgh |
| Offensive Rookie of the Year | Ickey Woods | Miami |
| Defensive Rookie of the Year | Ken Harvey | Oakland |
| All-League First Team Quarterback | Randall Cunningham | Atlanta |
| All-League First Team Running Back | Bo Jackson | Minnesota |
| All-League First Team Fullback | Ricky Wright | New York |
| All-League First Team Tight End | Orlando Ricks | Buffalo |
| All-League First Team Wide Receiver | Jerry Rice | Atlanta |
| All-League First Team Wide Receiver | Clint Sampson | Minnesota |
| All-League First Team Center | Dan Turk | Houston |
| All-League First Team Offensive Guard | Chris Hinton | Buffalo |
| All-League First Team Offensive Guard | Dermontti Dawson | Detroit |
| All-League First Team Offensive Tackle | Joe Devlin | Minnesota |
| All-League First Team Offensive Tackle | Will Wolford | Los Angeles |
| All-League First Team Punter | Ron Stark | Tampa Bay |
| All-League First Team Kicker | Tony Zendejas | Jacksonville |
| All-League First Team Defensive End | Jim Jeffcoat | Carolina |
| All-League First Team Defensive End | Reggie White | Kansas City |
| All-League First Team Defensive Tackle | Ken Sims | Houston |
| All-League First Team Defensive Tackle | Laval Short | New York |
| All-League First Team Inside Linebacker | Buddy Curry | Seattle |
| All-League First Team Outside Linebacker | Kevin Greene | Pittsburgh |
| All-League First Team Outside Linebacker | Seth Joyner | Cincinnati |
| All-League First Team Cornerback | Scott Burk | Philadelphia |
| All-League First Team Cornerback | Daniel Emanuel | Seattle |
| All-League First Team Safety | Van McElroy | Cleveland |
| All-League First Team Safety | Mike Prior | Washington |
| All-League Second Team Quarterback | Ken O'Brien | St. Louis |
| All-League Second Team Running Back | Marcus Allen | Denver |
| All-League Second Team Fullback | Larry Millen | Pittsburgh |
| All-League Second Team Tight End | Mark Brammer | San Francisco |
| All-League Second Team Wide Receiver | Stephen Starring | Houston |
| All-League Second Team Wide Receiver | Dwight Clark | Pittsburgh |
| All-League Second Team Center | Joel Hilgenberg | Houston |
| All-League Second Team Offensive Guard | Bruce Kimball | Oakland |
| All-League Second Team Offensive Guard | John Hunt | Houston |
| All-League Second Team Offensive Tackle | Ken Dallafior | Kansas City |
| All-League Second Team Offensive Tackle | Anthony Munoz | Jacksonville |
| All-League Second Team Punter | Tommy Barnhardt | Washington |
| All-League Second Team Kicker | Steve Mayer | Cleveland |
| All-League Second Team Defensive End | Bill Maas | Cincinnati |
| All-League Second Team Defensive End | Leonard Griffin | New Orleans |
| All-League Second Team Defensive Tackle | Charles Jordan | New Orleans |
| All-League Second Team Defensive Tackle | Steve McMichael | Denver |
| All-League Second Team Inside Linebacker | Bill Romanowski | Oakland |
| All-League Second Team Outside Linebacker | Ken Harvey | Oakland |
| All-League Second Team Outside Linebacker | Chip Banks | Atlanta |
| All-League Second Team Cornerback | Ricardo Platt | New York |
| All-League Second Team Cornerback | Eugene Robinson | Minnesota |
| All-League Second Team Safety | Tim Lewis | Jacksonville |
| All-League Second Team Safety | Tim McDonald | Denver |
| League's Fastest Man | Emmanuel Milam | San Diego |
| League's Strongest Man | Chris Hinton | Buffalo |