The Cincinnati Reds announced on Tuesday that Pete Rose will be inducted into the team's Hall of Fame.

In December, Rob Manfred upheld Rose's lifetime ban from the game for gambling on baseball.

"Inducting Pete into the Reds Hall of Fame will be a defining moment in the 147-year history of this storied franchise," Reds CEO Bob Castellini said. "He is one of the greatest players to ever wear a Reds uniform and it will be an unforgettable experience watching him being honored as such."

As part of their Hall of Fame weekend June 24-26, the Reds will also retire Rose's No. 14, hold a 40-year reunion of the 1976 world champion Reds and have a banquet where Rose will receive the red sports coat Hall members wear.