Other Leagues: Major Leagues, NAL, NL, NN2
Pennant Winner: Cleveland Indians
AL Most Valuable Player: Lou Boudreau
ML Rookie of the Year: Al Dark
| Award | Player | Stats |
|---|---|---|
| Most Valuable Player Award | Lou Boudreau | CLE 152 G .355/.453/.534 |
| Rookie of the Year Award | Al Dark (ML) | BSN 137 G .322/.353/.433 |
| Batting Champion (highest BA as recognized at time) | Ted Williams | BOS 137 G .369/.497/.615 |
| ERA Pitching Champion (lowest ERA as recognized at time) | Gene Bearden | CLE 20-7 (1 SV), 2.43, 80 SO |
| TSN Pitcher of the Year | Bob Lemon | CLE 20-14 (2 SV), 2.82, 147 SO |
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