Boyd was chosen as the bowl season's top quarterback, while Watkins grabbed one of two wide receiver spots.
"(Boyd) accounted for six touchdowns and 505 yards of offense in the Tigers' victory," wrote the NFL editors. "He threw for 378 yards and five TDs and rushed for a team-high 127 yards and a TD, which came on a 48-yard run for the game's first score.
"(Watkins') final college game may have been his best college game. He tore up Ohio State's secondary, finishing with 16 receptions for 227 yards and two TDs, including a magnificent catch on a 34-yarder in the third period. He basically was uncoverable by the Buckeyes. And if "uncoverable" isn't a word, it is now. Watkins was that good."
Jernigan, a defensive tackle, and Whitfield, a kickoff returner, were honored after playing key roles in Florida State's national championship game victory over Auburn.
Clemson, FSU and UCF were the only teams with two players selected to the squad.
The rest of the offensive team was comprised of running backs Bruce Ellington of South Carolina, Jeremy Hill of LSU and Storm Johnson of UCF; wide receiver Tyler Lockett of Kansas State, and offensive linemen Le'Vern Clark of Texas Tech, Greg Robinson of Auburn, Gabe Johnson of Mississippi State, Jordan McCray of UCF and Artie Rowell of Pittsburgh. No tight end was selected.
Joining Jernigan on the defensive team were ends Kony Ealy of Missouri and Hau'oli Kikaha of Washington, tackle Taylor Hart of Oregon, linebackers Jake Fischer of Arizona, Denicos Allen of Michigan State and Eric Striker of Oklahoma, and defensive backs Rashaad Reynolds of Oregon State, Andre Hal of Vanderbilt, Brian Suite of Utah State and Jemea Thomas of Georgia Tech.
Named as specialists were kicker Kyle Bindza of Notre Dame, punter Brian Schmiedebusch of Bowling Green, and FSU's Whitfield.