Guard Clarence Munn was selected as the team's Most Valuable Player for the second consecutive year.[2] Munn was also a consensus first-team player on the 1931 College Football All-America Team.[3] Munn also received Chicago Tribune Silver Football, awarded to the most valuable player in the Big Ten Conference.[4]
Two Golden Gophers received first-team honors on the 1931 All-Big Ten Conference football team. Munn and fullback Jack Manders both received first-team honors from the Associated Press (AP) and the United Press (UP).[5][6]
Total attendance for the season was 115,631, which averaged to 23,126. The season high for attendance was against rival Wisconsin.[