McShane picked up the Man of the Match award in Tyrones U21 final win over Tipperary on Saturday night.
He's nominated along with Galways Damien Comer and Tipps Colin O Riordan.
Meanwhile Cork's Colm O'Neill, Roscommon's Senan Kilbride, and Dublin's Jack McCaffrey have been nominated for the Opel GAA/GPA footballer of the month for April.
Waterford's League-winning tandem of Kevin Moran and Noel Connors are shortlisted for hurler of the month, along with Cork's Seamus Harnedy.
The winners will be announced on Thursday week.