"This is a great honor for Peyton and our program is very proud of him and this recognition," first-year Ball State head coach Billy Taylor said. "We certainly believe he is worthy of this type of honor and we hope through his leadership, we will have many team and individual postseason accolades."
The preseason selection is the second of Stovall's career, after being named to the preseason team in 2005-06.
Stovall -- who will be playing for his third head coach in five years -- enters his senior season 21 points shy of scoring 1,000 points, ranks seventh all-time in school history in three-point field goals, has undergone two ACL surgeries (on the same knee) and will graduate in December as a double major in sports administration and marketing.
"Peyton Stovall is a great leader," Taylor said. "He is a very experienced player who certainly has endured much throughout his career. He is very important to our team.
"He's been an incredible resource for our program and Ball State University. I am excited about now having him back to the form he had his freshman and sophomore seasons. He is Ball State basketball."
Stovall averaged 8.8 points and played in all 31 games a year ago. He has scored in double figures 47 times in his career, including nine games with 20-or-more points.
Stovall, the runner-up for the league's Freshman of the Year award in 2004, enters his senior season with 78 career starts.
The preseason All-MAC teams will be available for interviews at the conference's Basketball Media Day, which is scheduled for Thursday, Oct. 18 at Quicken Loans Arena in downtown Cleveland. The media portion of the schedule is set to begin at 9 a.m.