The audience obliged and King added, "We've gotta fist-raise it up. Drink-raise it up and tip one back to our fallen brother."
Zakk Wylde, who joined King on stage because they were presenting the best live band award, started the chant of "Slayer, Slayer, Slayer."
Hanneman died earlier in the day of liver failure, two years after he contracted necrotizing fasciitis -- most likely from a spider bite -- a quick-progressing disease that literally eats away at skin tissue.
There were other tributes at the Golden Gods, most notably from another member of the Big Four of thrash metal -- Slayer, Metallica, Megadeth and Anthrax. The latter brought Pantera's Phil Anselmo on stage to perform his band's "This Love" but tagged it with the intro to Slayer's "Raining Blood."
"I'd like to dedicate this song to Jeff Hanneman," Anselmo said before launching into the medley with Scott Ian and company. "In a token in the spirit that it's given."
Watch (Slayer tribute is at 6:00):
Return later today for a full report on the Golden Gods Awards.