You talking about the FA award or the one that isn't always given to the EPL winning manager? Is avoiding relegation really that big a deal that Holloway deserves manager of the year? His side have been just another Hull City, remember? It worked for Hodgson, I guess...
Stand out managers for me this season: Pulis has done very well with Stoke who don't just hoof it anymore, and could provide stiff opposition in the FA Cup final, Fergie obviously for reaching CL final, FA Cup semi, winning the title, unbeaten at home in all competitions (I think they lost in the league cup away from home?), Ancellotti for hauling in a 15 point deficit in Jan to coming within a game of taking the title, and Dalglish overturning an 11 point + 2 games in hand deficit to 5th with a squad low on morale and top players wanting/getting out, and in the process restoring EVERYTHING that is good about Liverpool FC. Since Fergie will get the management trophy that goes to the title winner, Dalglish should get manager of the year because frankly he's done more in 4 months for his club than just about everyone else has in the entire season.