No, [itex]F_{ab}(M)[/itex] is the free abelian group so it has trivial commutator. We want to make the monoid [itex]M[/itex] into an abelian group in a way which is universal, but only with respect to monoid homomorphisms. The simplest choice is to take the free abelian group generated by [itex]M[/itex] itself however this is universal with respect to all set maps from M to an abelian group, not just monoid homomorphisms into an abelian group. The characteristic difference is that for a monoid homomorphism, [itex]f(x+y)=f(x)+f(y)[/itex] or equivalently [itex]f(x+y)-f(x)-f(y)=0[/itex]. So when we quotient out [itex]F_{ab}(M)[/itex] by the subgroup generated by [itex][x+y]-[x]-[y][/itex] to get the Grothendieck group [itex]K(M)[/itex], every induced homomorphism from the free group that came from a monoid homomorphism will vanish on this subgroup since [itex]\bar f([x+y]-[x]-[y])=f(x+y)-f(x)-f(y)=0[/itex] and so yields a well-defined map [itex]f_*:K(M)\to A[/itex]. On the other hand, any set map which is not a monoid homomorphism will not vanish on this subgroup and hence won't be well defined on the quotient. This shows that the quotient is now universal only with respect to the monoid homomorphisms out of [itex]M[/itex] rather than all set maps. So you can think of taking the quotient by this subgroup as throwing away all the induced maps from the free group which came from set maps [itex]g:M\to A[/itex] which were not monoid homomorphisms.