During Ferrone's time in the CFL, he was named to the CFL's All-Star team 5 times, the East Division All-Star team 8 times and one time West Division All-Star.
In 1992, his first year after retiring from the CFL, Ferrone was elected as the seventh president of the Canadian Football League Players' Association (CFLPA). He served as CFLPA president until 2000.
Following his service with the CFLPA, Ferrone coached the Toronto Argonauts offensive line in 2002, becoming the team's Vice-President in 2003 and serving as the team's President for 2004.