The BET Hip Hop Awards 2007 will premiere on the network Wednesday, October 17 at 9 p.m. (ET/PT).

The legendary hip hop artist KRS-One, known for his political and socially conscious raps, will be honored with the "I Am Hip Hop" Icon Award during this year's festivities.

ATL native T.I. leads all Hip Hop Awards nominees with nine nods. T.I. is up for possible honors in the Best Collabo, Best Live Performance, Lyricist of the Year, MVP, Track of the Year, CD of the Year, Hustler of the Year, Best Ringtone and Viewer's Choice categories.

Other artists with multiple nods include Lil' Wayne with seven, Kanye West with six, Common with five, Jay-Z with four, Ludacris and 50 Cent with three, and Diddy and UGK with two.

Labels: 50 Cent, Common, Diddy, Jay Z, Kanye West, Lil Wayne, Ludacris, T.I., UGK