It's not jazz but I picked up this compilation on Rhino from 1996 in a cheapy used bin some time ago and I have to say, its pretty damn good. Features 14 artists each performing one song by this premier song writer. Performers include Los Lobos, Bob Dylan, Shawn Colvin, Irma Thomas, Dion, The Band, Aaron Neville, John Hiatt, BB King, Lou Reed, Rosanne Cash, Soloman Burke, Dr. John, and Brian Wilson.
If you see, it grab it. You won't be dissappointed.