Regular Season Awards
- Hart Trophy (Most Outstanding Player) 
 
Dave Snuggerud  Niagara Falls Rapids   4 votes
Hakan Loob      Denver Dwarves         3 votes
Evgeny Nabokov  Peterborough A.S.      3 votes
Bryan McCabe    Denver Dwarves         1 vote
Ron Francis     Miami Dream            1 vote
Mats Sundin     Peterborough A.S.      1 vote
Bobby Clarke    Winnipeg Masteurhaters 1 vote

- Lester Pearson Trophy (Most Valuable Player to a Team) 
 
Dave Snuggerud  Niagara Falls Rapids  7 votes
Ron Francis     Miami Dream           3 votes
Patrick Roy     Moncton Mustangs      1 vote
Stu Barnes      Westland Otters       1 vote
Miroslav Satan  Hearst Moose          1 vote

- Lady Byng Trophy (Sportsmanship) 

Eric Weinrich   Denver Dwarves       8 votes
Rob NierdermayerNiagara Falls Rapids 4 votes
Fedor Tjutin    Hartford Whalers     1 vote
Ron Francis     Miami Dream          1 vote
  
- Norris Trophy (Top Defenseman) 

Bryan McCabe,   Denver Dwarves     12 votes
Derek Walser,   Peterborough A.S.   1 vote
Oleg Tverdovsky Peterborough A.S.   1 vote

- Vezina Trophy (Top Goaltender) 

Evgeny Nabokov  Peterborough A.S.   11 votes
Patrick Roy     Moncton Mustangs     2 votes
Jamie Storr     Montreal Mayhem      1 vote
 
- Calder Trophy (Best Rookie)  
 
Fedor Tjutin    Hartford Whalers     8 votes
Rob Niedermayer Niagara Falls Rapids 5 votes
Jay Harrison    Moncton Mustangs     1 vote

- Selke Trophy (Best Defensive Forward) 

Daymond Langkow Moncton Mustangs     5 votes
Eric Lindros    Denver Dwarves       4 votes
Ron Francis     Miami Dream          2 votes
Hakan Loob      Denver Dwarves       1 vote
Doug Weight     Echo Bay Ignoramus   1 vote
PJ Axelsson     Portalnd G. D.       1 vote
 
- Commissioner's Trophy (Top GM) 
 
Magnus Nilsson  Denver Dwarves         7 votes
Peter Nilsson   Portland G.D.          3 votes
Cliff Whalen    Texas Tornadoes        2 votes
Tim Kastelle    Peterborough A.S.      2 votes
 
- Jack Adams Award (Top Coach)
 
Wayne Trainor   Niagara Falls Rapids  4 votes
Walter Gretzky  Texas Tornadoes       4 votes
Miss Patty BurnsDenver Dwarves        2 votes
Rob Ramage      Moncton Mustangs      2 votes
Rick Tocchet    Peterborough A.S.     2 votes
                                                   
- The President's Trophy (1st Place Team)   
 
Winner    Denver Dwarves, 122 points
 
- Art Ross Trophy (Player With Most Points) 
 
Winner    Hakan Loob, Denver Dwarves  
  

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

Winner    Evgeny Nabokov, Peterborough Adjustable Spanners

 
- Terry Sawchuk Award (Most Shut-outs)

Winner    Martin Biron, Orlando Seals

  
- Rocket Richard Award (Most Goals)

Winner    Dave Snuggerud, Niagara Falls Rapids

 
- Paul Coffey Cup (Most Goals By A Defenseman)

Winner    Bryan McCabe, Denver Dwarves              
 
- Bobby Orr Award (Most Points By A Defenseman)

Winner    Bryan McCabe, Denver Dwarves
 
- Wayne Gretzky Award (Most Assists)

Winner    Derek Morris, Denver Dwarves
  
- Mike Bossy Award (Most Game Winning Goals)

Winner    Mats Sundin, Peterborough Adjustable Spanners
 
- Guy Carbonneau Award (Most SHORT-Handed Goals)

Winner    Mats Sundin, Peterborough Adjustable Spanners

- Phil Esposito Award (Most Power-Play Goals)

Winner    Ron Francis, Miami Dream

- Ogie Ogilthorpe Trophy (Player With Most PIM's) 
 
Winner    Charles Darwin, Peterborough Adjustable Spanners

-  The DIEHARD Cup.
The Peterborough Adjustable Spanners, wins the cup after a 4-3 win over Denver in the finals

Playoff Awards 
- Conn Smythe Trophy (Playoff MVP)

Rod Brindamour    PET    9 votes
Eric Weinrich     DEN    5 votes
Charles Darwin    PET    1 vote

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

JB and SMG            POR    5 votes
Akhmar Jabaar Jenkins ECH    4 votes
Gary Coupal           LEA    2 votes
Kermit the Frog       MIA    2 votes
Tim Kastelle's SPR    PET    1 vote
Angela Maxwell        MON    1 vote