Newton is the 44th winner of the Walter Camp award and the third Auburn player to receive the honor. Quarterback Pat Sullivan won it in 1971 and tailback Bo Jackson won the award in 1985. Both of those Tigers also won the Heisman Trophy.
On Saturday in New York City, Newton will attend the Heisman Trophy ceremony and the record-setting Auburn junior is the favorite to win that award, the most prestigious in college football.
Newton is the first Auburn player to win the O'Brien Award and is also the first Tiger to win the Maxwell Award.
Newton is shown with his mother, Jackie, at the ESPN Home Depot college football awards show in Orlando on Thursday night.
Luck and Boise State quarterback Kellen Moore were the other finalists for the Maxwell Award as well as the Davey O'Brien Award.
Also on Thursday, junior defensive tackle Nick Fairley and senior offensive tackle Lee Ziemba were named to the Walter Camp All-American team along with Newton. Fairley was also a finalist for the Bednarik Award, which was presented to LSU's Patrick Peterson.
Lee Ziemba is a four-year starter for the Tigers.
Nick Fairley won the Lombardi Award this week.
"Cam Newton's offensive versatility and big-game performances make him a worthy recipient of the Walter Camp Player of the Year award," Walter Camp Foundation President Alphonse Paolillo, Jr. said. "Cam's leadership and most of all, his consistency each week, have been trademarks of the Tigers' outstanding season."
Newton has completed 165-246 passes (67.1 percent) for 2,589 yards and 28 touchdowns this year. His 188.16 pass efficiency rating ranks first in the nation.
Newton poses with his trophies he picked up in Orlando.
Newton ranks 15th in the nation in rushing (108.4 yards per game) with a SEC quarterback record single-season record of 1,409 yards and 20 touchdowns.
Newton has accounted for a nation-leading 49 touchdowns this season, setting Auburn single-season records for passing touchdowns (28) and rushing touchdowns (20) while also catching a TD pass vs. Ole Miss.
Newton is shown in action for the Tigers.
The quarterback leads the nation in passing efficiency (188.16 rating) and leads the SEC in rushing and total offense (307.5). He also became the first player in SEC history to gain 2,000 yards passing and 1,000 yards rushing in a season.
With Newton at the direction of the offense, the Tigers are the 13-0 SEC champions and will play for the BCS National Championship on Jan. 10th vs. Oregon.
Newton, Ziemba, Fairley and members of the Walter Camp 2010 All-America team will be honored at the organization's national awards banquet on Saturday, January 15 at the Yale University Commons in New Haven.
Cameron Newton signs autographs on Thursday night as he enters the awards show.
Their head coach, Gene Chizik, was also recognized as the Home Depot National Coach of the Year during ESPN's college football awards show on Thursday night in Orlando, an event he attended with Newton and Fairley as well as Auburn offensive coordinator Gus Malzahn, who early this week won the Frank Broyles Award as the nation's top assistant football coach.
Newton will be honored at the O'Brien Awards Dinner on Feb. 21 at The Fort Worth Club in Fort Worth, Tex.
The Auburn quarterback will be honored by The Maxwell Club on March 5th at Harrah's Atlantic City Resort in New Jersey.