The Cy Young Award is named for a great pitcher and awarded to great pitchers. The Rookie of the Year Award is named after Jackie Robinson, the first player to win the award. The Hank Aaron Award is given annually to the best offensive player in the league, and Aaron himself was a pretty decent hitter in his day.
The Ford C. Frick Award, presented annually by the Hall of Fame to a broadcaster for “major contributions to baseball,” is named after former National League President and Commissioner of Baseball Ford C. Frick, whose broadcasting career was so short it’s not even mentioned on his Wikipedia page.