Headlining the event, which goes down in Miami and airs on Dec. 4, will be hip-hop heavy hitters Lil Wayne and Birdman. Weezy and the Young Money boss are slated to perform 'Y.U. Mad,' the recorded version -- set to appear on Birdman's upcoming 'Bigga Than Life' album -- also features Nicki Minaj. Given that she's no sucker and would therefore be welcome at the ceremony, it's possible she'll drop by.
Holding down hosting duties will be longtime MTV personality and hip-hop aficionado Sway Calloway, while DJ Khaled will appear as "guest commentator," providing play-by-play on the night's seven categories -- listed below.
In a press release, Birdman thanked MTV for choosing Miami, the home base of his musical empire.
"MTV continues to be a huge supporter of all our artists from Wayne, Drake, Nicki, Khaled, Bow and myself as well as our rising stars such as [Lil] Twist, Tyga, and Lil Chuckee," he said. "We're appreciative of the channel's support as YMCMB continues to place its mark on this game."
Check out the complete list of nominees below.
Must Follow Artist in Social Media
Tyler, the Creator
Rookie of the Year (Best Debut Album)
Tyler, The Creator
The Best Crew of 2011
Maybach Music Group
Artist of the Year
Jay-Z & Kanye West
Classic Album (Best Album of the Year)
Kanye West and Jay-Z -- 'Watch the Throne'
Lil Wayne -- 'Tha Carter IV'
Lupe Fiasco -- 'Lasers'
MMG -- 'Self Made, Vol. 1'
Big Sean -- 'Finally Famous'
Club Banger (Song of the Year)
'I'm On One' -- DJ Khaled featuring Drake, Rick Ross and Lil' Wayne
'Ima Boss' -- Meek Mill
'N----s In Paris' -- Kanye West and Jay-Z
'Headlines' -- Drake
'Racks' -- Y.C. featuring Future
Who's Got Next (Best Artist without an album)
Watch Birdman & Lil Wayne's 'Stuntin' Like My Daddy'