AL MVP: Miguel Cabrera
Right now Cabrera is one home run shy of leading the majors in the triple crown categories. Again. His .387 batting average is 35 points higher than any other AL player and his 52 RBI is 13 more than anyone else. If he wins back-to-back triple crowns, the conversation about the best hitter of all time will have to include a new name.
Chris Davis comes in second place after getting off to an ridiculous start this season. He's slowed down a little bit but is still right behind Cabrera in several offensive categories. He's tied for the most HRs with 14 and has a slightly higher slugging percentage than Cabrera.
NL MVP: Joey Votto (barely)
Votto is one of a few NL first basemen that are vying for the award. The Reds slugger is leading NL hitters in WAR, On-Base%, batting average, OPS, hits and walks. But he loses points because his teammates, Chin-Soo Choo and Brandon Phillips are also having tremendous years. You could even make the argument that Choo has been more valuable to Cincinnati's success. All of that being said, Votto is the Reds best player and he's playing like it. The Reds have the second best record and have scored the second most runs in the NL and Votto is the main reason why, even though he isn't doing it alone.
Paul Goldschmidt is putting on a show this year and has led the Diamondbacks to the top of the NL West with much less help. Goldschmidt has had power before and, as a Giants fan I've watched him destroy the champs for a few years, but now the rest of the league is seeing what he's capable of. For the record, I want to see him in the Home Run Derby, along with Mark Trumbo, Robinson Cano, and Chris Davis.
AL Cy Young: Clay Buchholz
Buchholz may be doctoring the ball, but it seems to be working so far. He's 7-0 now with an AL best 1.73 ERA. Buckholz has allowed a total of one earned run in his last three starts and has last fewer than seven innings just once this season.
This race is a bit tighter than the NL with Felix Hernandez, Yu Darvish, Chris Sale and Matt Moore not far behind Buchholz. Hernandez is being his usual royal self, Darvish is striking everyone out, Sale is living up to the hype, and Moore is leading the AL in wins with 8.
NL Cy Young: Clayton Kershaw
If he keeps this up, Kershaw may enter the MVP discussion. He's thrown the most innings in the majors and is leading everybody in ERA (1.35) and WHIP (0.82). He has yet to allow more than three earn runs in a start and he's struck out at least nine batters in four of his ten starts.
Two youngsters, Matt Harvery of the Mets and Patrick Corbin of the Diamondbacks have been very impressive as well. Neither can qualify for Rookie of the Year because they pitched more than 50 innings last year, but both have ERAs under 2.00.
Corbin doesn't get the attention that Harvery gets because of where he plays, but he is 7-0 with a .97 WHIP to go along with his 1.44 ERA.