| Awards | American League | National League |
| Most Valuable Player | Ichiro Suzuki (.370-10-60) | Manny Ramirez (.330-40-120) |
| Cy Young | Felix Hernandez | Edinson Volquez |
| Rookie of the Year | Ryan Perry | Jordan Zimmerman |
| Comeback Player | Ken Griffey (.290-35-100) | Aaron Boone (.280-25-90) |
| Surprise Player | Alex Gordon (.290-20-90) | Jesus Flores (.300-15-85) |
| Disappointing Player | Alex Rodriguez (.270-20-65) | Alfonso Soriano (.265-15-50) |
| Dave Kingman | Jason Giambi (.240-35-125 SO) | Prince Fielder (.260-45-150 SO) |
| Alex Gonzalez of the Marlins | | |