Guillermo Navarro, 21-year old point guard from the Panama Metro Under 23 team, was selected as the Player of the Year at the LPB Under 23. He received multiple other awards, was honored as the Guard of the Year and was chosen to the First Team. With Navarro's excellent performance, the Panama Metro Under 23 team achieved the best record of the season in the league, finishing with an impressive 10 to 1 in the regular season. Navarro averaged over 16 points per game in the league. He was the Player of the Week honoree 5 times during the 24 campaign. Navarro led the LPB Under 23 in assists per game with over 9. He has totalled 4 games of 20 or more points and recorded double-doubles in 5 games on the year. Navarro's 26 points against the Panama Norte were the most he scored in the 2024 season. He played in the final of the Panamanian LPB in 2022.

Joshua Lemon, swingman from the Cocle Under 23 team, earned the Forward of the Year of LPB Under 23. He was also named to the First Team. Lemon orchestrated his way to the third spot in points per game, showcasing a dazzling average of over 22. He also registered 7 rebounds per game that season in the league. Lemon has totalled 7 games of 20 or more points on the year and had 30 or more points in 2 games. He recorded double-doubles in 2 games at the event. Lemon's 34 points against the Chiriqui were the most he scored in the 2024 season. He won the Panamanian LPB championship title in 2020.

The standout power forward Aldimir Castillo picked up the Center of the Year of the championship-winning the Colon. He also earned a spot in the First Team. Castillo helped Castillo's team have an undefeated season as the Colon was not challenged in the league with a perfect 10 to 0 in the regular season. His excellent performance assisted his team in beating the Panama Este 77 to 65 in the final. Castillo received Player of the Week award in the league. He conducted his way to the fifth position in averaging a commendable over 19 points per game. Castillo also logged 7 rebounds per game over the season in the league. He has totalled 3 games of 20 or more points and registered double-doubles in 2 games on the year. Castillo's 26 points against the Panama Metro were the most he scored in the 2024 season. Among many awards he played in the final of the Panamanian LPB in 2020 and 2022.

Diego Duque, 21-year old point guard from the Panama Metro Under 23 team, was voted to the First Team at the LPB Under 23. With finesse and precision, Duque claimed the third position in assists per game, delivering a stellar almost 5 assists per game average. He also averaged over 15 points per game in the league. Duque's 26 points against the Herrera were the most he scored in the 2024 season. He played in the final of the Panamanian LPB in 2022.

Alexander Pile, power forward from the Panama Este Under 23 team, was selected to the First Team of LPB Under 23. His best performance made his team reach the final but they were defeated by Colon 65 to 77. Pile notched over 17 points per game that season in the league. He led the LPB Under 23 in rebounds per game with over 14. Pile has totalled 4 games of 20 or more points and recorded double-doubles in 5 games on the year. His 24 points against Bocas Del Toro were the most he scored in the 2024 season. Pile's team made it to the LPB Semifinals in 2021.