Jay-Z will headline this year's "Last Smash Platinum Blast" concert at the Arizona Stadium on April 29. The one-night only show will also feature 'American Idol' alum Kelly Clarkson, rockers Third Eye Blind and Australian pop band The Veronicas.

Billed as the first concert at the stadium since 1977, the Associated Students of The University of Arizona planned the event, with proceeds benefiting a scholarship fund. Because a concert of this magnitude costs over $1 million, the school will work with a zero budget and will cover costs by ticket sales and sponsorships. "Basically, we'll spend the money in the hole and then offset it," said Tommy Bruce, ASUA president.

Tickets will go on sale this Friday and will range from $25 to $200, with the median cost in the $75 range. UA students will have first dibs on the tickets at 9 a.m., while the general public will not be able to make a purchase until noon via the school's website.

The first UA concert of this magnitude took place over 30-years ago and was headlined by Fleetwood Mac. UA students pitched the idea for a major headlining act at the stadium a few years ago. "This has been an event three years in the making," Bruce said. "We always want to bring a large-scale event to the UA."

Last year the student organization brought Kanye West, Lupe Fiasco and N.E.R.D. The hip-hop artists played to a crowd of 9,000 at Arizona's McKale Center.

Besides Jay-Z, invitations were sent out to over 150 music artists, including singer Chris Brown. It has not been confirmed if Brown's recent legal problems had anything to do with him not being booked for the event, but Bruce did note that the 19-year-old was invited to perform.

Jay-Z, a former label head at Def Jam Records, is slated to release his highly anticipated 'Blueprint 3' album later this year.