Other Leagues: Major Leagues, NL
Pennant Winner: New York Yankees
AL Most Valuable Player: Mickey Mantle
ML Cy Young: Warren Spahn
AL Rookie of the Year: Tony Kubek
| Award | Player | Stats |
|---|---|---|
| Most Valuable Player Award | Mickey Mantle | NYY 144 G .365/.512/.665 |
| Cy Young Award | Warren Spahn (ML) | MLN 21-11 (3 SV), 2.69, 111 SO |
| Rookie of the Year Award | Tony Kubek | NYY 127 G .297/.335/.381 |
| Batting Champion (highest BA as recognized at time) | Ted Williams | BOS 132 G .388/.526/.731 |
| ERA Pitching Champion (lowest ERA as recognized at time) | Bobby Shantz | NYY 11-5 (5 SV), 2.45, 72 SO |
| TSN Pitcher of the Year | Billy Pierce | CHW 20-12 (2 SV), 3.26, 171 SO |
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