The former relief pitcher, who threw his last ever pitch on September 26, will receive the award from MLB Commissioner Bud Selig during a press conference scheduled for 7 p.m. EDT. The 43-year-old star will attend the event with his wife and two children per MLB's press release.
Ken Griffey Jr. was the last player to receive the award, which was created to honor important figures in baseball.
The Panama native is MLB's all-time leader in saves and posted a 2.11 ERA in 2013, his final season at the MLB.
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