I always hate the “it’s most valuable not best player” mindset, as that’s not how the majority of people interpret the award, and "value" is so relative and impossible to truly measure, and consequently gets turned into a Most Improved award instead. A few examples come to mind:
Jordan not winning in '93. Compare the ’93 and ’94 Bulls. The ’93 Bulls won 57 games with Jordan, then the ’94 Bulls won 55 games with practically the same team (minus Jordan, plus Kukoc). So clearly Jordan wasn’t that valuable to the team, and clearly shouldn’t win the award.

(Despite the sarcasm, Jordan finished 3rd in the MVP race behind Barkley and Hakeem, so maybe the voters indeed saw it that way, or were tired of giving it to Jordan since he won 3 including the last 2). Jordan has a better season the his previous years MVP season, yet didn't win because Barkley in Phoenix was the hot story and Suns had become contenders, while the Bulls merely stayed contenders. Yet despite similar seasons in the next few seasons, and Phoenix winning around the same amount of games, Barkley never came close to an MVP award again. How did he suddenly lose value to the Suns?
Then there's all the Kidd votes in 2002, finishing a close 2nd to Duncan. Not saying Kidd didn’t deserve consideration, but everybody’s main argument seemed to be built around the fact of “look at the turnaround New Jersey had with Kidd!”. Kidd finished a close 2nd in the MVP vote in 2002, but then finished 9th in 2003 while putting up very similar stats and with New Jersey winning just about the same amount of games. So clearly Kidd was as valuable in 2002 as 2003, but he dropped big time in the voting? You can’t base MVP awards on team turnarounds. You reward Kidd for coming to a bad team in 2002, and then he plays the same way in 2003 and you punish him because his team played the same as the previous year? Too often the award goes to "player responsible for single season turnaround," treating it like a Most Improved award.
No way I believe Garnett should have won in 2008 like others are saying. Sure he was valuable to the Celtics, but he was as valuable to the Wolves. And why would we only give the award to Garnett in '08, did he become so much less valuable to the C's in the following years?
Look how valuable Bosh was to the Raptors. No way he deserves the award despite clearly being extremely valuable to that team. Could go on and on with examples like this.
The award should go to the best player, or rather the player who played the best that year. Let’s get all these other ridiculous interpretations out of here.