The First Annual Award Show for the Classic Wrestling Federation was held on March 27th, 1998, the night before Super Card. The time period for the awards was the previous 1997 shows up until that point in March. The show was held live at the Radio City Music Hall in New York. Slick Rick and Ron Richmond were the hosts of the event. The first show would begin a tradition of the award show being right before Super Card, that would continue to this day.
Awards[]
- Best Event: The Valentine's Bash 97
- Best Theme Music: Jimmy Blast with "Crazy Train" by Ozzy Osbourne
- Best Feud: Mark X. vs Josh Liller
- Best Manager: Julie
- Best Finisher: Magnus Thunder with Thunderstorm
- Best Roleplayer: Zeb Rogers with Magnus Thunder
- Best Match: Magnus Thunder vs Crow at The Valentine's Bash 97
- Best Fed: The CWF
- Best Wrestler: Magnus Thunder