TJ Malone, Matt Traynor, Grant Haus, Jack Fracyon, and Jack Posey were all recognized.
O'Neill notched 51 goals last season, scoring in every game.
Baldwin shot a season-high 63.6% from the field.
With Owusu available after months of injury issues, Penn State now has an extra weapon on the court.
The dance team clinched a top-three finish in the final round of the Universal Dance Association National Competition.
The Nittany Lions' victory over Wisconsin was the fourth over the Badgers in program history.