Below is listed the All-Big 12 Conference Football Team, as selected by the league's coaches. Coaches were not allowed to vote for players from their own team.
Offense
| First Team |
| WR - Phil Savoy, Colorado |
| TE - Alonzo Mayes, Oklahoma State |
| OL - MIKE MORRIS, MISSOURI |
| OL - Kendyl Jacox, Kansas State |
| OL - Todd Weiner, Kansas State |
| OL - Aaron Taylor, Nebraska |
| OL - Eric Anderson, Nebraska |
| WR - Tyrone Watley, Iowa State |
| QB - CORBY JONES, MISSOURI |
| RB - Ahman Green, Nebraska |
| RB - Ricky Williams, Texas |
| PK - Martin Gramatica, Kansas State |
| KR - Ben Kelly, Colorado |
| Second Team |
| WR - Ed Williams, Iowa State |
| TE - Stephen Alexander, Oklahoma |
| OL - TRAVIS BIEBEL, MISSOURI |
| OL - Melvin Thomas, Colorado |
| OL - Josh Henson, Oklahoma State |
| OL - Steve McKinney, Texas A&M |
| OL - Jay Pugh, Texas Tech |
| WR - Donnie Hart, Texas Tech |
| QB - Michael Bishop, Kansas State |
| RB - BROCK OLIVO, MISSOURI |
| RB - De'Mond Parker, Oklahoma |
| PK - Phil Dawson, Texas |
| KR - Dante Hall, Texas A&M |
| Third Team |
| WR - Gavin Peries, Kansas State |
| TE - Derek Lewis, Texas |
| OL - Ryan Johanningmeier, Colorado |
| OL - Ryan Young, Kansas State |
| OL - Josh Heskew, Nebraska |
| OL - Jon Zatechka, Nebraska |
| OL - Ryan Fiebiger, Texas |
| WR - Maurice Little, Oklahoma |
| QB - Scott Frost, Nebraska |
| RB - Darren Davis, Iowa State |
| RB - Jamaal Fobbs, Oklahoma State |
| PK - Kyle Bryant, Texas A&M |
Defense
| First Team |
| OLB/DE - Grant Wistrom, Nebraska |
| DL - Ryan Olson, Colorado |
| DL - Jason Peter, Nebraska |
| DL - Jamal Williams, Oklahoma State |
| OLB/DE - Montae Reagor, Texas Tech |
| LB - Ron Warner, Kansas |
| LB - Jeff Kelly, Kansas State |
| LB - Dat Nguyen, Texas A&M |
| DB - Ralph Brown, Nebraska |
| DB - Kevin Williams, Oklahoma State |
| DB - R.W. McQuarters, Oklahoma State |
| DB - Dane Johnson, Texas Tech |
| P - Shane Lechler, Texas A&M |
| PR - R.W. McQuarters, Oklahoma State |
| Second Team |
| OLB/DE - Darren Howard, Kansas State |
| DL - Jerome Evans, Kansas State |
| DL - Kelly Gregg, Oklahoma |
| DL - Cody McGuire, Texas Tech |
| OLB/DE - MARQUIS GIBSON, MISSOURI |
| LB - Mark Simoneau, Kansas State |
| LB - Kenyatta Wright, Oklahoma State |
| DB - Tony Blevins, Kansas |
| DB - Ryan Sutter, Colorado |
| DB - Lamar Chapman, Kansas State |
| DB - Mike Brown, Nebraska |
| P - Dean Royal, Kansas |
| PR - David Allen, Kansas State |
| Third Team |
| OLB/DE - Hannibal Navies, Colorado |
| DL - Viliami Maumau, Colorado |
| DL - Brett McGraw, Kansas |
| DL - BRIAN CRACRAFT, MISSOURI |
| OLB/DE - Chad Kelsey, Nebraska |
| LB - Travian Smith, Oklahoma |
| LB - Eric Butler, Texas Tech |
| DB - SHAD CRISS, MISSOURI |
| DB - HAROLD PIERSEY, MISSOURI |
| DB - Eric Warfield, Nebraska |
| DB - Gana Joseph, Oklahoma |
| DB - Mike Woods, Oklahoma |
| P - Kyle Atteberry, Baylor; James Garcia, Kansas State; Jason Davis, Oklahoma State |
Missouri's Honorable Mention Selections
| TE - Eddie Brooks |
| OL - Todd Neimeyer |
| WR - Kent Layman |
| RB - Ernest Blackwell |
| RB - Ron Janes |
| RB - Devin West |
| DL - Donnell Jones |
| LB - Barry Odom |
| PK - Scott Knickman |
| 1997 Returnees in BOLDFACE. |
Big 12 Conference Individual Awards
Bob Simmons, Oklahoma State
| Coach of the Year: |
| Offensive Player of the Year: |
| RB Ricky Williams, Texas |
| Defensive Player of the Year: |
| DE Grant Wistrom, Nebraska |
| Offensive Newcomer of the Year: |
| QB Michael Bishop, Kansas State |
| Defensive Newcomer of the Year: |
| LB Jeff Kelly, Kansas State |
| Offensive Freshman of the Year: |
| QB Tony Lindsay, Oklahoma State |
| Defensive Freshman of the Year: |
| DB Ben Kelly, Colorado |