The award is selected by a poll of journalists within cycling, and is organised by the French publication, Velo Magazine.
Contador previously won the award three consecutive times in 2007,2008 and 2009 and while he was tipped to win the award this year, it was confirmed on the release of the November edition of the magazine this week.
The overall top five for the award were:
1. Alberto Contador, 66 pts
2. Vincenzo Nibali, 58 pts
3. Alejandro Valverde, 38 pts
4. Nairo Quintana, 33 pts
5. Michal Kwiatkowski, 30 pts
Contador later tweeted after receiving the prestigious award:
British sports director Sean Yates will also join the Tinkoff-Saxo team-building trek in Africa
Alberto Contador aiming for three consecutive Grand Tours after winning 2014 Vuelta a Espana