Lil Wayne announced the signing of a new member to Young Money Saturday night (February 11) while performing alongside Drake during the annual Cash Money Grammy weekend party. The YMCMB head honcho also took the time to honor the memory of the late, great Whitney Houston, who passed away earlier that night, and to take jabs at Jay-Z and Kanye West.

"I got the beautiful Christina Milian with me," Weezy said while onstage, backed by the likes of manager Cortez Bryant, Young Money president Mack Maine, Corey Gunz, Lil Twist and others. "Young Money, Christina Milian," he clarified.

Lil Tunechi also took the time to thank his team for their contributions to the label's success, but not before asking for a moment of silence for Whitney Houston, who was pronounced dead at 3:55 p.m. after being found in her hotel room in Hollywood, California, just hours before mentor Clive Davis' annual Grammy party was scheduled to take place.

The evening wasn't complete until Wayne took time to throw some jabs at 'Ye and Hov, rapping at the end of his announcement about signing Christina Milian, "I met a red-bone, I took the girl home/I asked her what she wanna watch, she said, 'surely not The Throne,'" to roars from the crowd.

Weezy joined Drake during a surprise set that followed a performance by Erykah Badu, the latter who performed tracks like "Window Seat," among others. Drizzy ran through songs like "Forever," "Undergroung Kings" and "Crew Love," during which he handed out shots to attendees, asking them to " take a shot with me." Drake also rapped to "Stay Schemin,'" his verse on Waka Flocka Flame's "Handclap" and "Take Care," sans Rihanna.

Lil Wayne jumped in for his verse on "Hell Yeah," and then again for "The Motto," which proved to be a crowd-pleaser. Drake then brought up Tyga for his current hit, " Rack City."

In closing, Lil Wayne thanked manager Cortez Bryant, Baby and Badu, and shouted out Lil Twist, Mack Maine and Corey Gunz, as well as recent Cash Money signee Busta Rhymes.

"Make some noise for the beautiful Nicki Minaj who couldn't be here tonight," Wayne added, before Bryant presented them with plaques for both Weezy's Tha Carter IV and Drake's Take Care, as Wayne joked about outselling Drizzy.

Lil Wayne is up for a couple of Grammys, including Best Rap/Sung Collaboration for DJ Khaled's "I'm on One." Stay tune to for a full recap of the Grammys Sunday (Februabry 12). —Mariel Concepcion (@mceezy)