12:35pm: Anderson has officially been named the league's Most Improved Player. Ersan Ilyasova was the runner-up, with Nikola Pekovic, Greg Monroe, and Andrew Bynum rounding out the top five. Jeremy Lin finished sixth.
8:46am: The Magic have announced a press conference for 12:30pm CT today, and Josh Robbins of the Orlando Sentinel tweets that the team and league will announce an award winner at that time: Ryan Anderson will be named the NBA's Most Improved Player.
After averaging 8.6 points and 4.5 rebounds per contest in 193 games over his first three years in the league, the Magic forward broke out this season, increasing his averages to 16.1 PPG and 7.7 RPG. While an increase in minutes, from 22.3 MPG in 2010/11 to 32.2 MPG in 2011/12, played a part in his increased production, Anderson also set career highs in rate stats like FG% (.439), 3PT% (.393), FT% (.877), and PER (21.2).
Ersan Ilyasova, Jeremy Lin, Goran Dragic, and Nikola Pekovic were among the other players expected to be in the running for the award.