The Cy Young Award is an annual honor given to the best pitchers in Major League Baseball (MLB). Established in 1967, it is named after the legendary pitcher Cy Young, who is known for his remarkable career and record-setting achievements. The award is presented in both the American League and National League, recognizing outstanding performance in pitching each season. Winners of the Cy Young Award are selected based on their performance metrics, including earned run average (ERA), strikeouts, and wins. The award has become one of the most prestigious accolades in baseball, celebrating excellence on the mound and highlighting the importance of pitching in the game.