Miley Cyrus, John Legend, John Mayer to Honor Legends at Rock Hall of Fame

— -- Some of today's biggest stars will be on hand to induct -- and perform tributes to -- the iconic musicians entering the Rock and Roll Hall of Fame this year at the hall's induction ceremony Saturday in Cleveland.

Miley Cyrus, who's often spoken about her admiration for '80s rock icons Joan Jett & the Blackhearts, will get to usher them into the hall, though it is not clear if she'll perform, as well.

Meanwhile, fun.'s Nate Ruess, who just kicked off his solo career, will perform in honor of another of this year's inductees, the late Lou Reed.

John Mayer will induct one of his heroes, the late guitarist Stevie Ray Vaughan, and his band Double Trouble, and will take part in a tribute performance.

Stevie Wonder will induct Bill Withers, and John Legend will perform in honor of Withers, the soul singer best known for the hits "Ain't No Sunshine" and "Lean on Me."

Paul McCartney will induct his Beatles band mate, Ringo Starr.

Fall Out Boy will induct this year's youngest honorees, Green Day, and is going to great lengths to do it: Earlier in the day, the band will be performing at the Global Citizen 2015 Earth Day concert in Washington, D.C., along with Usher, Train and other acts. Then, the band members will hop a plane to Cleveland to take part in the Hall of Fame ceremony.

"It's really exciting for us," Fall Out Boy's Pete Wentz told ABC News about participating in ushering Billie Joe Armstrong and the guys into the hall. "I think that, as punk rock bands, it's cool. When one of us makes it, it's kind of like all of us [do], it seems like. To me, I think Green Day is definitely Rock Hall of Fame-worthy."

Green Day and its hit-packed 1994 album, "Dookie," had a huge influence on Fall Out Boy, said Wentz, and that's why he's so happy that the band is being given such a prestigious honor.

"I think about [Green Day] on the iconic scale of a band like U2, and it's a cool moment to see that happen," Wentz said. "I think without Green Day putting out 'Dookie,' I don't know if Fall Out Boy ends up in the same place that we end up. So I think that it's really special for us, personally."

Fall Out Boy hasn't been announced as actually performing at Saturday's induction ceremony, but is perfectly happy just to be there.

"I would love to [perform], but I don't know if we do," Wentz said. "In 2009, we used to cover 'Basket Case' by Green Day. You can find those videos online somewhere.

"It'd be cool," he added. "I have no idea. I don't know. We're just lucky enough to be going."