Chaney will receive the Lifetime Achievement Award at September's Wanamaker Awards ceremony.
A Tony Paris documentary premiered this week, documenting the famed summer league
The Nittany Lions' Marcus Allen and Jason Cabinda also were selected.
The news adds to already-high expectations for the redshirt freshman center.
He said he is pulling his name out of the NBA draft and will return for his senior season.
Mike Jensen joins Not Another Philly Sports Talk Show to offer his insight on the Sixers' options with the No. 3. pick in the draft.
The star running back set 23 records at Temple and was the 1986 Heisman Trophy runner-up.
As a junior, he has until May 24 to pull out of the draft and maintain his college eligibility.
With heavy rain pouring down from the start of Saturday’s races, regatta officials decided to end the competition after the last grand final at 10:35 a.m.
The St. Joes mens varsity eight qualified for the grand final for the first time since 2005.
"It was really unfortunate. We lost a lot," one rower said.
Quakers play Navy as they host first- and second-round games this weekend.
The Quakers will play in the second-round game on Sunday at 1 if they win.
Franklyn, a junior forward who was the Big 5's most improved player last season, says her mom motivated her on and off the court.
Heavy rain scheduled for Saturday forces the top finals to Saturday morning.