The rapper will headline this weekend's festival at UBS Arena in New York.
The rapper joined the group on their second night in New York.
The recognition arrives 27 years after the beloved rapper's fatal shooting.
Listen to new must-hear songs from emerging R&B/hip-hop artists like J Hus, Kenny Mason and Khamari, all released within the past week.
The All-American Rejects singer said Colson was "fully unhinged" on set of "Johnny & Clyde."
Of course the song's video features a cameo from Colson's pal, Pete Davidson.
Two other men had previously been indicted in August 2020 for the death of Jay.
21 Savage, Offset, Wizkid, Coi Leray & more will appear on the upcoming effort, which drops Friday.
Tasha K personally owes more than $3.4 million to the superstar rapper, but now she says she has less than $60,000 to her name.
