The BBWAA, by a narrow margin of 14-12, votes to establish the Cy Young Award to honor the major leagues’ most outstanding pitcher. Commissioner Ford Frick initiated the idea because he felt hurlers were not recognized in the MVP voting, but ironically the first recipient of the Cy Young Award, Dodger Don Newcombe, will also win the Most Valuable Player Award.

On July 9, 1956 — The BBWAA, by a narrow margin of 14-12, votes to establish the Cy Young Award to honor the major leagues’ most outstanding pitcher. Commissioner Ford Frick initiated the idea because he felt hurlers were not recognized in the MVP voting, but ironically the first recipient of the Cy Young Award, Dodger Don Newcombe, will also win the Most Valuable Player Award.

Source:
Baseball Reference July 9