Toni Braxton, All Saints, and Bon Jovi will help inaugurate the first Laureus World Sports Awards by serving as the featured performers at the event, which is being taped in Monte Carlo on May 25.

Actors Dylan McDermott, Ashley Judd, and Jeff Bridges will host the first annual World Sports Awards, which will honor achievements by athletes and teams in nine categories, such as World Sportsman Of The Year, Newcomer Of The Year, and Athlete Of The Year With A Disability, among others.

Celebrities scheduled to attend the World Sports Awards and serve as presenters include Samuel Jackson, Sylvester Stallone, David Hasselhoff, Naomi Judd, Greg Kinnear, and Rebecca Romijn-Stamos.

Nominees for the Laureus World Sports Awards were submitted by over 200 sports journalists from around the world, while the winners will be selected by the World Sports Academy, a 38-person jury composed of such athletic legends as Pele, Jack Nicklaus, Jackie Joyner-Kersee, and

Nadia Comeneci.

For a complete list of Laureus Awards nominees, head to www.laureus.com.

TNT plans to broadcast an edited version of the first annual Laureus World Sports Awards on June 6 at 8 p.m. (ET/PT).