Sparrow has spent much of this season on the right wing, and has been instrumental in this season's success.
The award was decided via a poll of Irish Iron members, and he beat of the challenge of Tommy Evans who came third, Mark Jackson and Andy Dawson.
Sparrow will be presented with a presentation bottle of Bushmills Whiskey and a framed drawing of himself by renowned Irish artist and Iron fan John Baird, Irish Iron secretary Bernard Griffin hopes that the presentation can take place in the Iron Bar after the Oxford game on April 26.