In case you weren't already planning on tuning in to the 2015 Billboard Music Awards, the show just got way more exciting! Chrissy Teigen and Ludacris were announced as this year's hosts!

The Sports Illustrated model and rapper are just as pumped about it as we are.

“If my extensive collection of all 53 Now That’s What I Call Music compilations is any indication, I am both qualified and honored to join Ludacris in hosting this amazing show that spotlights the best music and artists of the year,” Chrissy told Billboard. (If that's all it take, we're totally qualified too.)

2014's host Ludacris added, "I had so much fun hosting the Billboard Music Awards last year and I can’t wait to be back!”

The 2015 Billboard Music Awards nominees will be announced on Good Morning America on Tuesday, April 7. The awards show airs live on Sunday, May 17 at 8AM ET.

We have high expectations for this year's Billboard Music Awards, considering how jam-packed last year's show was. From Lorde's fabulously feathered outfit to Michael Jackson appearing in hologram form to Ariana Grande's '60s-inspired performance of "Problem," there was something for everybody. While this year's performers have yet to be announced, we can only imagine that they'll be epic!

Both Luda and Chrissy are keeping busy before the awards show. The rapper will poke fun at Justin Bieber during the singer's March 30 Comedy Central Roast, while Chrissy paid a trip to the hospital after fracturing a bone while filming an upcoming episode of Lip Sync Battles.