Whether Vince Gill wins the 2014 CMA Award for Musical Event of the Year or not, he has a new award to add to his collection this week. The country icon received the BMI Icon Award during the 2014 BMI Country Awards on Tuesday night (Nov. 4).

The Oklahoma native has sold over 26 million albums and won more than 74 major awards during his incredible career. Michael McDonald, Ashley Monroe and Keith Urban all helped pay tribute to Gill during the 62nd annual event with performances of 'Whenever You Come Around,' 'I Still Believe in You,' 'When I Call Your Name' and 'Liza Jane.'

"I look at the past recipients of this award, and it's pretty heavy," Gill said while accepting the honor. The list of past Icon Award winners includes Dean Dillon, Tom T. Hall, Kris KristoffersonWillie NelsonHank Williams, Jr.Merle HaggardDolly Parton and Loretta Lynn. "It's amazing people. There are so many people who mentored me and inspired me, and it's a little overwhelming."

As the oldest awards ceremony saluting country music songwriters, the BMI Country Awards also honored Rhett Akins as Songwriter of the Year. He has writing credits on seven of the most popular songs of the past year, including Billy Currington's 'Hey Girl,' 'When She Says Baby' by Jason Aldean and Blake Shelton's 'Boys 'Round Here.'

'Wagon Wheel,' a tune started by Bob Dylan, fleshed out by Old Crow Medicine Show's Ketch Secor and recorded by that group, and made famous by Darius Rucker, won Song of the Year.

"It's the Bob magic ju-ju," Secor said. "I feel like I'm here tonight because Bob was here. He helped this whole city along, and everybody here owes a debt of gratitude to Bob Dylan."

Continuing a winning streak over a decade long, Sony / ATV Music Publishing Nashville took home the Publisher of the Year Award. The company is responsible for 28 of the 50 most-performed songs of the year.