I think in some strange way this award will be important to him. After years of being at odds with Great British Public, (mainly I think because he was so at odds with himself, and so angry ), it will show him that he is valued, appreciated and accepted. Not too mention loved. I suspect that he didn't realise he wanted and needed that approbation until he started to get it. I really liked the fact that he felt confident in asking for the support during the Wimbledon final this year. I think that since the Olympics his self esteem has shot up. He doesn't need this award, but I rather think he might like to have it. Rather like the knighthood, when he gets it. Along with the trophies in his cabinet, they are all palpable signs that the way he has chosen to spend his youth has been worth it.
I think there may be something in that Masaka. I'm reading 77 at present and I'm struck by how the negativity towards him previously eg being spat at in the street, must really have hurt him even if he didn't let on at the time.