23 players made at least one appearance in nationally organised first-team competition, and there were 12 different goalscorers. Midfielders Andy Gray, Alan Pardew and Geoff Thomas played in 51 of the 54 competitive matches played over the season; Gray started all 51 while Pardew and Thomas made 2 and 4 substitute appearances respectively. Mark Bright finished as leading scorer with 17 goals, of which 12 came in league competition, two came in the FA Cup, one came in the League Cup and two came in the Full Members' Cup. Bright was voted as the Crystal Palace F.C. Player of the Year.
The 1988–89 season was Palace's eight successive season in the Football League Second Division. They finished the season in third place missing out on the second automatic promotion place by one point, instead they qualified for the play-offs. They beat Swindon Town in the semi-final 2–1 on aggregate. In the 1989 Football League Second Division play-off final they faced Blackburn Rovers, the first leg was won by Rovers 3–1 at Ewood Park. In the second leg at Selhurst Park, Palace were 2–0 up after 90 minutes so the match went into extra time. Another goal from Palace saw them win the tie and take the remaining place in the First Division.
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Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply. Players may hold more than one non-FIFA nationality.