Fred Lynn and Ichiro Suzuki are the only two players who have been named Rookie of the Year and Most Valuable Player in the same year . Fernando Valenzuela is the only player to have won Rookie of the Year and the Cy Young Award in the same year . Fred Lynn and Ichiro Suzuki are the only two players who have been named Rookie of the Year and Most Valuable Player in the same year , and Fernando Valenzuela is the only player to have won Rookie of the Year and the Cy Young Award in the same year .