The veteran rockers have also been nominated in the categories of Band of the Year, Album of the Year and Event of the Year. Sabbath's latest album, 13, reached the top of the U.K. charts – the group's first Number One showing in 43 years. Among the other albums vying for Album of the Year honors are David Bowie's The Next Day, Deep Purple's Now What?! And Queens of the Stone Age's ...Like Clockwork.

"We're delighted to welcome Black Sabbath to collect our Living Legend Award," said Chris Ingham, publisher of Classic Rock. "It's wholly deserved as not only do they have a career to celebrate, but Ozzy, Geezer and Tony blasted back with a brilliant new album in 2013 that reminded us all how it should be done."