The league champions were the Peoria Pirates, who defeated the Florida Firecats in ArenaCup III.
This is also the first time that both conferences have the same division name (in that case, the American Conference Southern Division and the National Conference Southern Division, respectively).
It is also the only season where both conferences have four divisions each, a la the 2002–present era of the NFL.
* The Steamwheelers were banned from the playoffs for rule violations.
ArenaCup III was the 2002 edition of the AF2's championship game, in which the National Conference Champions Florida Firecats were defeated by the American Conference Champions Peoria Pirates in Peoria, Illinois by a score of 65 to 47.