| Northern | ||||||||||||||
| Rk | Team | Affiliate | W | L | Pct | Gbl | RF | RA | Manager | Stadium | Attendance | Top Batter | Top Pitcher | Playoffs |
| 1 | Lynchburg Red Sox | BOS | 39 | 30 | .565 | -- | 558 | 568 | Buddy Bailey | Lynchburg City Stadium | 92,778 | Jason Friedman (9) | Joe Caruso (1) | Lost in Finals |
| 2 | Frederick Keys | BAL | 35 | 34 | .507 | 4.0 | 641 | 607 | Bob Miscik | Harry Grove Stadium | 329,592 | Stanton Cameron (2) | David Paveloff (7) | |
| 3 | Salem Buccaneers | PIT | 33 | 36 | .478 | 6.0 | 601 | 645 | John Wockenfuss | Salem Municipal Stadium | 134,598 | Ramon Martinez (5) | John Hope (16) | |
| 4 | Prince William Cannons | NYY | 31 | 38 | .449 | 8.0 | 640 | 632 | Mike Hart | G. Richard Pfitzner Stadi | 208,416 | Kevin Jordan (7) | Bruce Prybylinski (5) | |
| Southern | ||||||||||||||
| Rk | Team | Affiliate | W | L | Pct | Gbl | RF | RA | Manager | Stadium | Attendance | Top Batter | Top Pitcher | Playoffs |
| 1 | Durham Bulls | ATL | 37 | 32 | .536 | -- | 615 | 621 | Leon Roberts | Durham Athletic Park | 280,994 | Brian Kowitz (8) | Mike Hostetler (2) | |
| 2 | Peninsula Pilots ** | SEA | 37 | 32 | .536 | -- | 563 | 566 | Marc Hill | War Memorial Stadium | 59,093 | Bubba Smith (1) | John Cummings (6) | League Champions |
| 3 | Kinston Indians | CLE | 35 | 34 | .507 | 2.0 | 662 | 627 | Dave Keller | Grainger Stadium | 105,090 | Herbert Perry (15) | Chad Ogea (4) | |
| 4 | Winston-Salem Spirits | CHC | 29 | 40 | .420 | 8.0 | 624 | 626 | Bill Hayes | Ernie Shore Field | 159,316 | Andy Hartung (3) | Ben Burlingame (23) | |