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The money raised will go to Tatum's non-profit Athletics Against Substance Abuse.
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The donation is part of the donor's estate plan.
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Glenn ranks fourth on SIU's all-time scoring list.
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Sambursky served as an assistant coach for the program from 2007-2011.
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The SIU football season starts later this month and there will be a new multi-media outlet covering the team.
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The class is a mix of recent student-athletes and some from the more distant past.
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It will be named Saluki Village and be located along the area formerly known as Greek Row, across from the Simmons Law School.
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A U.S. district judge has approved a $2.8 billion-dollar settlement in the U.S. House vs. NCAA case.
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The move is designed to boost the stability of the MVFC.
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Saluki A.D. Tim Leonard says this is the most stressful time of his career.