Well, just because you asked so nicely....
Pitchers are (at least partially) dependent on the fielders behind them to make routine plays. One can argue that pitchers in crappy fielding eras with lousy ranges are shortchanged in the Sim because their fielders didn't get to many balls, thus creating hits that players in later eras would have fielded (Derek Jeter notwithstanding).
So, a pitcher from 1886 might have an high OAV simply because he had fat, slow fielders playing on rocky, uneven infields behind him. The "normalization" tries to fix that by depressing the fielding capabilities of whomever is behind the 1886 pitcher.