Regular Season Awards
- Hart Trophy (Most Outstanding Player) 
 
Mario Lemieux, Denver Dwarves           7 votes
Ron Francis, Peterborough Smoke Eaters  1 vote
Hakan Loob, Denver Dwarves              1 vote
 

- Lester Pearson Trophy (Most Valuable Player to a Team) 
 
Alexei Yashin, Texas Tornadoes            3 votes
Patrick Elias, Sault Ste Marie Sabrecats  2 votes
Vladimir Krutov, Dakar Decapitators       1 vote
Curtis Joseph, Halifax Schooners          1 vote
Jarome Iginla, Detroit Lions              1 vote
Patrick Roy, Peterborough Smoke Eaters    1 vote
 

- Lady Byng Trophy (Sportsmanship) 

Vaclav Prospal, Winnipeg Masteurhaters    3 votes
Marian Gaborik, Winnipeg Masteurhaters    1 vote
Gary Coupal, Peterborough Smoke Eaters    1 vote
Brett Hull, Denver Dwarves                1 vote
Anson Carter, Echo Bay Ignoramis          1 vote
Mike Modano, Portland Grave Diggers       1 vote
Markus Naslund, Dakar Decapitators        1 vote
 
 
- Norris Trophy (Top Defenseman) 

Al MacInnis, Peterborough Smoke Eaters    8 votes
Chris Pronger, Portland Grave Diggers     1 vote
 

- Vezina Trophy (Top Goaltender) 

Patrick Roy, Peterborough Smoke Eaters    5 votes
Curtis Joseph, Halifax Schooners          3 votes
Marty Turco, Halifax Schooners            1 vote
 
 
- Selke Trophy (Best Defensive Forward) 

Ran Francis, Peterborough Smoke Eaters    3 votes
Vaclav Prospal, Winnipeg Masteurhaters    2 votes
Vladimir Krutov, Dakar Decapitators       2 votes
Sergei Fedorov, Detroit Lions             1 vote
Gary Coupal, Peterborough Smoke Eaters    1 vote
 
 
- Commissioner's Trophy (Top GM) 
 
Wayne Trainor, Peterborough Smoke Eaters    5 votes
Magnus Nilsson, Denver Dwarves              1 vote
Glen Trainor, Miami Dream                   1 vote
Peter Nilsson, Portland Grave Diggers       1 vote
Mark Brashear, Echo Bay Ignoramis           1 vote
 
 
- Jack Adams Award (Top Coach)
 
John duMaurier, Peterborough Smoke Eaters   4 votes
Miss Patty Burns, Denver Dwarves            2 votes
Ron Mason, Detroit Lions                    1 vote
Ted Nolan, Echo Bay Ignoramis               1 vote
Mike Eagles, write in vote                  1 vote
 
- The President's Trophy (1st Place Team) 
 
Winner    Peterborough Smoke Eaters 110 points
Runner Up Denver Dwarves 97 points
 

- Art Ross Trophy (Player With Most Points) 
 
Winner    Mario Lemieux, Denver Dwarves           101 points
Runner Up Ron Francis, Peterborough Smoke Eaters   96 points
 

- William Jennings Trophy (Lowest Goal Against Average – Min.25 games) 

Winner    Patrick Roy, Peterborough Smoke Eaters   3.07 GAA
Runner Up Curtis Joseph, Halifax Schooners         3.25 GAA
 
 
- Terry Sawchuk Award (Most Shut-outs)

Winner    Patrick Roy, Peterborough Smoke Eaters    4 shutouts
Runner Up 4 goalies tied at 3
 
 
- Rocket Richard Award (Most Goals)

Winner    Hakan Loob, Denver Dwarves        53 goals
Runner Up Elias, Coupal, Krutov             49 goals
 
 
- Paul Coffey Cup (Most Goals By A Defenseman)

Co Winners Oleg Tverdovsky, Peterborough Smoke Eaters  22 goals
           Niklas Lidstrom, Miami Dream                22 goals
 
 
- Bobby Orr Award (Most Points By A Defenseman)

Winner    Al MacInnis, Peterborough Smoke Eaters     76 points
Runner Up Brian Leetch, Dakar Decapitators           69 points
 
 
- Wayne Gretzky Award (Most Assists)

Winner    Ron Francis, Peterborough Smoke Eaters    69 assists
Runner Up Al MacInnis, Peterborough Smoke Eaters    59 assists
 
 
- Mike Bossy Award (Most Game Winning Goals)

Winner    Hakan Loob, Denver Dwarves            13GWG
Runner Up Jarome Iginla, Detroit Lions          10GWG
 
 
- Guy Carbonneau Award (Most SHORT-Handed Goals)

Winner    Mats Sundin, Dakar Decapitators    5 SHG
Runner Up 4 guys tied at 4 SHG
 
 
- Phil Esposito Award (Most Power-Play Goals)

Winner    Mario Lemieux, Denver Dwarves        31 PPG
Runner Up Bobby Clarke, Winnipeg Masteurhaters 29 PPG
 
 
- Ogie Ogilthorpe Trophy (Player With Most PIM's) 
 
Winner    Gary Coupal, Peterborough Smoke Eaters    348PIMS
Runner Up Bobby Clarke, Winnipeg Masteurhaters      342PIMS

  
-  The DIEHARD Cup.
The Winnipeg Masteurhaters(win final series 4-2 over Peterborough Smoke Eaters)


Playoff Awards 
- Conn Smythe Trophy (Playoff MVP)

Roberto Luongo, Winnipeg Masteurhaters       4 votes
Jere Lehtinen, Winnipeg Masteurhaters        2 votes
Alexander Mogilny, Winnipeg Masteurhaters    1 vote
Oleg Tverdovsky, Peterborough Smoke Eaters   1 vote
 
 
- Lasse Kinch Award (Best Press Releases of the Season)

Ahkmar-Jabaar Jenkins, Echo Bay Ignoramis    5 votes
Hackalung Jones, Peterborough Smoke Eaters   2 votes
Juss Dooit, Winnipeg Masteurhaters           1 vote