The Drake University men's basketball team handed out its annual postseason awards on April 10, 2016, at the team's postseason banquet hosted by Sheraton – West Des Moines.

Sophomore Reed Timmer (New Berlin, Wis.) was honored as the season's Most Valuable Player. The guard led the team in scoring at 16.8 points per game on 46.2 percent shooting and was 40-of-99 (.404) from the three-point arc. He also had 112 rebounds on the season and was second on the team in assists with 78. He scored 20 or more points in a game nine times during the season to earn honorable mention All-MVC honors. He was also named the MVC Scholar-Athlete of the Year and was a five-time MVC Scholar-Athlete of the Week.

Fellow sophomore Ore Arogundade (Chicago, Ill.) earned the team's 'Best Defender' award for his continued improvement and commitment to defense. As the team's best defender, her regularly drew the toughest defensive assignment on the floor and 

Junior Jacob Enevold (Lunderskov, Denmark) was recognized as the team's 'Top Rebounder' for the second-consecutive year. Enevold averaged 5.1 rebounds per game and hauled in a season-high 13 boards against DePaul and had two other games in double-figures on the glass.