Beginning in 1969, Eddleman served the University of Illinois as a fundraiser for the athletic department. In tribute to his years of service to the University's athletics, in 1993, the University of Illinois athlete of the year awards for both men and women were named in his honor. In 2002, the portion of Fourth Street in Champaign, Illinois that runs along the east side of Memorial Stadium between Peabody Drive and Kirby Street was designated Honorary Dike Eddleman Way (a street in his hometown of Centralia, Third Street, which runs past the old high school, is also designated Dike Eddleman Way).