(By position, in alphabetical order)
Offense
| WR | Anthony Carter, Michigan |
| TE | Tim Wrightman, UCLA |
| Line | Kurt Becker, Michigan |
| Terry Crouch, Oklahoma |
| Sean Farrell, Penn St. |
| Ray Foster, Southern Cal |
| Ed Muransky, Michigan |
| Terry Tausch, Texas |
| C | Dave Rimington, Nebraska |
| QB | Jim McMahon, BYU |
| RB | Marcus Allen, Southern Cal |
| Herschel Walker, Georgia |
Defense
| Line | Tim Krumrie, Wisconsin |
| Kenneth Sims, Texas |
| Billy Ray Smith, Arkansas |
| Andre Tippett, Iowa |
| LB | Bob Crable, Notre Dame |
| Jeff Davis, Clemson |
| Sal Sunseri, Pittsburgh |
| CB | Terry Kinard, Clemson |
| Fred Marion, Miami, FL |
| Mike Richardson, Arizona St. |
| Tommy Wilcox, Alabama |
| P | Reggie Roby, Iowa |
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