It was announced earlier this week that Questlove and The Roots would helm the tribute.
The show airs live from Crypto.com Arena in Los Angeles and is hosted by Trevor Noah.
The comedian signed off after seven years on the Comedy Central show.
Many believe Hov regularly attempts to outshine the Queens MC whenever he drops new music.
"I always look back at the people that came before me, and I'm like 'Why didn't y'all tell me about this?'"
He served as host of the series for seven years.
"I said counsel Kanye, not cancel Kanye," tweeted Trevor Noah, host of the 2022 GRAMMYs.
The suspension stems from Ye reportedly violating Instagram's bullying and harassment policy.
The comedian also has some qualms about the mass hysteria around excessive toilet paper purchases.