Ferguson takes Scottish players` award
He is joined by Motherwell striker James McFadden, who was named the Young Player of the Year by Scotland's fellow professionals.
Ferguson has been in sparkling form this season as The Gers inch their way toward a domestic treble.
All this comes despite his side's 2-1 home defeat to Old Firm rivals Celtic on Sunday, which has opened up the Scottish Premier League title race.
The 25-year-old has already captained Rangers to success in the CIS Insurance Cup and he still has hopes of taking the league and Scottish Cup next month.
McFadden has been in fine form this season for club and country, having earned another call-up to Berti Vogts' Scotland squad for Wednesday's Hampden Park friendly against Austria.
The youngster is being tipped for a big money move away from Fir Park in the summer, with The Well still struggling at the foot of the SPL table.
One other notable winner was Inverness Caledonian Thistle striker Dennis Wyness, who took the Scottish First Division Player of the Year award for his goals that helped his club in their promotion charge and run to the Scottish Cup semi-finals this season.
