1942 Awards 
| Regular Season Awards | ||
| Award | Crackerjack League | Peanut League |
| Abner Doubleday Award - Most Valuable Player - |
Mort Cooper West Park War Eagles |
Bill Nicholson Black Oak Ridge Bombers |
| Joe Jackson Award - Batter of the Year - |
Babe Young Chesterton Slicers |
Ted Williams Dover Pilgrims |
| Walter Johnson Award - Pitcher of the Year - |
Mort Cooper West Park War Eagles |
Ray Starr Quasqueton Carpsuckers |
| Moonlight Graham Award - Rookie of the Year - |
Johnny Pesky Chesterton Slicers |
Bill Butland Quasqueton Carpsuckers |
| John McGraw Award - Owner of the Year - |
John Momberg Cincinnati Rhinos |
Mike Coveyou Black Oak Ridge Bombers --Tie-- Darrell Hanson Quasqueton Carpsuckers |
| Commissioner's Choice First Team | ||||
| Pos | Crackerjacks | Peanuts | ||
| P | Mort Cooper West Park War Eagles |
Ray Starr Quasqueton Carpsuckers |
||
| C | Walker
Cooper Chesterton Slicers |
Mickey Owen Black Oak Ridge Bombers |
||
| 1B | Babe
Young Chesterton Slicers |
Ted Williams Dover Pilgrims |
||
| 2B | Lonnie
Frey Chesterton Slicers |
Joe Gordon Altoona Warriors |
||
| 3B | Buddy
Blair West Park War Eagles |
Stan Hack Los Angeles Shoeless Joes |
||
| SS | Johnny
Pesky Chesterton Slicers |
Lou Boudreau Black Oak Ridge Bombers |
||
| OF | Terry
Moore Cincinnati Rhinos |
Wally Judnich St. Petersburg Devil Rays |
||
| OF | Mel
Ott Texas Aggies |
Bill Nicholson Black Oak Ridge Bombers |
||
| OF | Enos
Slaughter Goat Island Lights |
Charlie Keller St. Petersburg Devil Rays |
||
| Crackerjack League Team MVPs | |
| Team | Most Valuable Player |
| Chesterton Slicers | Babe Young |
| Cincinnati Rhinos | Tommy Henrich |
| Kansas City Monarchs | Ted Lyons |
| Chicago Outlaws | Roy Weatherly |
| Goat Island Lights | Virgil Trucks |
| Monterey Jacks | Johnny Mize |
| Texas Aggies | Mel Ott |
| West Park War Eagles | Walker Cooper |
| Peanut League Team MVPs | |
| Team | Most Valuable Player |
| Altoona Warriors | Joe Dimaggio |
| Dover Pilgrims | Ted Williams |
| Frisco Eagles | Bobby Doerr |
| California Tornados | Nick Etten |
| Los Angeles Shoeless Joes | Stan Hack |
| Black Oak Ridge Bombers | Bill Nicholson |
| Quasqueton Carpsuckers | Stan Spence |
| St. Petersburg Devil Rays | Charlie Keller |
| Other Awards | ||
| Award | Recipient | |
| World Series Champion | Paul Colbert Monterey Jacks |
|
| World Series MVP | Dizzy Trout Monterey Jacks |
|
| Mid-Summer Classic Trophy | Mike Coveyou Black Oak Ridge Bombers |
|
| Mid-Summer Classic MVP | Bill Nicholson | |