The event, organized by the Student-Athlete Advisory Committee (SAAC) honors Central Michigan student-athletes for their accomplishments while raising money for Special Olympics Michigan.
The event is modeled after the popular ESPYS and has raised more than $7,000 for charities.
Tickets are $5 at the door. Awards will go to best male athlete, best female athlete, best team, breakthrough performance, best play, comeback athlete, freshman of the year, coach of the year and best game.
The night will also feature skits and surprise performances. A maroon carpet social is scheduled in the Warriner Hall lobby beginning at 6:30 p.m.
Fans can follow event on Twitter at @CHIPPYS2014.