Regular Season Awards
- Hart Trophy (Most Outstanding Player) 
 
Todd Bertuzzi, Peterborough 10 
David Aebischer, Denver      1 
Gary Coupal, Peterborough    1

- Lester Pearson Trophy (Most Valuable Player to a Team) 
 
Brendan Shanahan, Hartford Whalers 6  
Patrick Elias, Bancroft Rockhounds 3 
David Aebischer, Denver Dwarves    2
Joe Juneau, Texas Tornadoes        1

- Lady Byng Trophy (Sportsmanship) 

Kimmo Timmonen, Echo Bay Ignoramus        7 
Scott Gomez, Miami Dream                  2 
Jere Lehtinen, Westland Otters            2 
Akhmar Jabaar Jenkins, Echo Bay Ignoramis 1 
  
- Norris Trophy (Top Defenseman) 

Jonathan Girard, Hartford Whalers                  6 
Nicklas Lidstrom, Peterborough Adjustable Spanners 6

- Vezina Trophy (Top Goaltender) 

David Aebischer, Denver Dwarves 9 
Patrick Lalime, Westland Otters 3
 
- Calder Trophy (Best Rookie)  
 
Jonathan Girard, Hartford Whalers     9 
Henrik Zetterberg, Echo Bay Ignoramus 2 
Rick Nash, Hearst Moose               1 

- Selke Trophy (Best Defensive Forward) 

Jeff O'Neill, Denver Dwarves       5  
Brendan Shanahan, Hartford Whalers 2  
Alexei Kovalev, Miami Dream        1  
Chuck Kobasew, Moncton Mustangs    1  
Scott Gomez, Miami Dream           1  
Daymond Langkow, Peterborough A.S. 1  
Spoiled Ballot(voted for D-man)    1 
 
- Commissioner's Trophy (Top GM) 
 
Wayne Trainor, Peterborough Smoke Eaters 3  
Glen Trainor, Miami Dream                3  
Mark Brashear, Echo Bay Ignoramus        3  
Pat Herrington, Hartford Whalers         2  
Magnus Nilsson, Denver Dwarves           1  
 
- Jack Adams Award (Top Coach)
 
Don Cherry, Miami Dream                  3  
Bill Hicks, Hartford Whalers             3  
Miss Patty Burns, Denver Dwarves         2  
D.L.Robinson, Echo Bay Ignoramus         1  
Ken Hitchcock, Winnipeg Masteurhaters    1  
John duMaurier, Peterborugh Smoke Eaters 1  
Ron Mason, Westland Otters               1  
                                                   
- The President's Trophy (1st Place Team)   
 
Winner    Peterborough Smoke Eaters 116 points
Runner Up Miami Dream Team 102 points
 
- Art Ross Trophy (Player With Most Points) 
 
Winner    Todd Bertuzzi, PETERBORO      91 points  
Runner Up Ron Francis, MIAMI            89 points  

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

Winner    David Aebischer, DENVER    2.81 GAA
Runner Up Patrick Roy, PETERBORO     2.90 GAA
 
- Terry Sawchuk Award (Most Shut-outs)

Winner    Nikolai Khabibulin, Texas Tornadoes   4
Runner Up 4 goalies tied at 3
  
- Rocket Richard Award (Most Goals)

Winner    Todd Bertuzzi Peterborough Adjustable Spanners    51 goals
Runner Up Patrik Eliasm BANCROFT  			    44 goals
 
- Paul Coffey Cup (Most Goals By A Defenseman)

Co Winners Oleg Tverdovsky, Peterborough Adjustable Spanners  17 goals REPEAT WINNER
           Niklas Lidstrom, Peterborough Adjustable Spanners  17 goals REPEAT WINNER
           Matias Ohlund, Bancroft Rockhounds                 17 goals               
 
- Bobby Orr Award (Most Points By A Defenseman)

Winner    Jonathan GIRARD, HARTFORD    65 points
Runner Up Niklas Lidstrom, PETERBORO   62 points
          Oleg Tverdovsky, PETERBORO   62 points
 
- Wayne Gretzky Award (Most Assists)

Winner    Brendan Morrison, PETERBORO  57 assists
Runner Up Ron Francis, MIAMI           55 assists
  
- Mike Bossy Award (Most Game Winning Goals)

Winner    Ron Francis, MIAMI           11 GWG
Runner Up Eric Daze, WESTLAND          10 GWG
 
- Guy Carbonneau Award (Most SHORT-Handed Goals)

Winner    Scott Gomez, MIAMI     	6 SH   
Runner Up Daymond Langkow, PETERBORO    4 SH 
 
- Phil Esposito Award (Most Power-Play Goals)

Winner    Daymond Langkow, PETERBORO   26 PPG
Runner Up Bobby Clarke, WINNIPEG       21 PPG

- Ogie Ogilthorpe Trophy (Player With Most PIM's) 
 
Winner    Denis Savard, Portland Grave Diggers      323 PIMS
Runner Up Bobby Clarke, Winnipeg Masteurhaters      322 PIMS
  
-  The DIEHARD Cup.
The Winnipeg Masteurhaters(win final series 4-3 over Peterborough Adjustable Spanners)

Playoff Awards 
- Conn Smythe Trophy (Playoff MVP)

Bobby Clarke, Winnipeg Masteurhaters      10 votes
Darryl Sydor, Winnipeg Masteurhaters        1 vote

- Lasse Kinch Award (Best Press Releases of the Season)

Jack Black/Sarah Michelle Gellar, Portland   4 Votes 
Ahkmar-Jabaar Jenkins, Echo Bay Ignoramis    4 votes
Juss Dooit, Winnipeg Masteurhaters           2 votes
Kermit the Frog, Miami Dream		     2 Votes
Abstain					     1