The 2002 af2 season was the third season of the af2. It was preceded by 2001 and succeeded by 2003. The league champions were the Peoria Pirates, who defeated the Florida Firecats in ArenaCup III. This is also the first time that both conferences have the same division name (in that case, the American Conference Southern Division and the National Conference Southern Division, respectively). It is also the only season where both conferences have four divisions each, a la the 2002–present era of the NFL.
* Despite the Steamwheelers having a winning season, the team was banned from the playoffs this year for rule violation.
ArenaCup III was the 2002 edition of the af2's championship game, in which the National Conference Champions Florida Firecats were defeated by the American Conference Champions Peoria Pirates in Peoria, Illinois by a score of 65 to 47.