Who doesn't like awards? Why not have more? If it makes even a few managers happy and want to be a supporter so they can see their shiny "Steals Champion" trophy then surely it is worth it.
At the moment there is a MVP trophy and that is it. I would argue that the more the merrier. Some should be on the teams front page and some should just be in the player's history but we could easily have the following.
MVP
MVP runner up
Scoring Chmpion
Rebound Champion
Assists Chmpion
Steals Champion
Blocks Champion
Defensive Player of the Season (add blocks x2, steals x2 and rebounds)
All League Team
All Star Appearances (just listed in player history is enough)
That is a lot! But as an educator I know that people love awards and at the end of the school year we give out two awards for every subject for every year level as well as extra sporting, arts, community and leadership awards and no-one ever complains that we have too many. It makes the students happy!