The Indianapolis-born trumpeter played with music titans such as John Coltrane, Ornette Coleman, McCoy Tyner, Art Blakey and Herbie Hancock. Hubbard frequently collaborated with saxophonist Wayne Shorter, as well, Billboard.com noted.
A recipient of the National Endowment for the Arts' Jazz Masters Award in 2006, Hubbard also won a Grammy Award for "First Light" in 1972.
His publicist told Billboard.com a New York memorial for the musician is being planned.
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