Other Leagues: Major Leagues, NL
Pennant Winner: Cleveland Indians
AL Most Valuable Player: Yogi Berra
AL Rookie of the Year: Bob Grim
| Award | Player | Stats |
|---|---|---|
| Most Valuable Player Award | Yogi Berra | NYY 151 G .307/.367/.488 |
| Rookie of the Year Award | Bob Grim | NYY 20-6 (1 SV), 3.26, 108 SO |
| Batting Champion (highest BA as recognized at time) | Bobby Ávila | CLE 143 G .341/.402/.477 |
| ERA Pitching Champion (lowest ERA as recognized at time) | Mike Garcia | CLE 19-8 (6 SV), 2.64, 129 SO |
| TSN Pitcher of the Year | Bob Lemon | CLE 23-7, 2.72, 110 SO |
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