Lil Wayne’s “…Carter III” reign continued at the BET Hip Hop Awards Saturday where the star was honored with a number of awards including ‘Lyricist of the Year.’ The New Orleans rapper, who was nominated for 12 awards, was also named MVP of the Year and the Alltel Wireless People’s Champ at the ceremony, which was hosted by T-Pain instead of scheduled host, comedian Katt Williams. The show featured a hip-hop matriarch medley that included MC Lyte, Yo-Yo, Salt-n-Pepa. DJ Khaled, Young Jeezy, Ludacris, Busta Rhymes, Big Boi, Lil Wayne, Fat Joe, Birdman and Rick Ross took home the award for Best Hip-Hop Collaboration for “I’m So Hood (The Remix).” T.I. also made this year’s show. The Atlanta rapper was scheduled to headline last year’s ceremony, but was arrested hours before the event on federal weapons charges after he was caught trying to purchase semi-automatic guns and silencers. T.I. pleaded guilty earlier this year and is scheduled to be sentenced in March. Atlanta factored heavily into the night’s festivities, with a performance by Young Jeezy, Soulja Boy and Bow Wow. Shawty Lo was named MySpace Music Rookie of the Year. LL Cool J presented Russell Simmons with the “I Am Hip-Hop” Icon award, an award given to an individual who has made notable contributions of outstanding significance to the hip-hop community. Simmons was recognized as a philanthropic inspiration to other artists. The BET Hip Hop Awards are slated to air Oct. 23 on BET.