Aerosmith will be the recipients of the 2020 'MusiCares Person of The Year.' The band announced the honor during its October 3rd "Deuces Are Wild" show as part of their Park MGM Las Vegas residency. Aerosmith's salute will take place on January 24th in Los Angeles -- two nights before the 62nd Annual Grammy Awards. Last year's recipient was Dolly Parton, with Fleetwood Mac becoming the first band, rather than a solo artist, to receive the honor in 2018.

Proceeds from the annual benefit gala will provide essential support for MusiCares, "which ensures that music people have a place to turn in times of financial, medical and personal need."

Joe Perry told us that ultimately, the thrill of what Aerosmith accomplished musically trumps all the problems that the band has endured due to drugs, women, management, and ego issues: "It's really the five of us, y'know, as a band. And it's still exciting to walk out onstage with these guys. And that, I think, is the glue that keeps us coming back. Sometimes I ask that question myself, y'know, ‘Why am I still doin' it?' Well, when I walk out onstage in Moscow and everybody out there is singing words to songs that we wrote in the basement, or, y'know, in some studio somewhere. It's nothin' short of a miracle, y'know? And so we kind of have a lot of respect for that."

Aerosmith already has a few songs in the can for the band's upcoming album. Although the their last studio set, 2012's Music From Another Dimension, was met with indifference from fans, bassist Tom Hamilton told us why recording new music remains important for Aerosmith: "I so want to be known as a band that is still firing on all cylinders. We could go out and work every year and just play, y'know, all our same old songs year after year, but it would have been a very uneasy feeling to me to think about not ever having an album of new material out."

AUDIO: AEROSMITH'S TOM HAMILTON ON WHY RECORDING NEW MUSIC IS IMPORTANT
AUDIO: JOE PERRY ON RESPECT FOR AEROSMITH LEGACY