Head Coach Butch Jones of the University of Cincinnati. Photo Courtesy USA Today Sports Images.
According to UT, Jones will be officially introduced as the new head coach at 2:30 p.m. on Friday. 10News' media partner, Volquest.com also confirms Butch as the new leader of the Vols.
Jones has been the head coach of the University of Cincinnati for the past three seasons. According to the Cincinnati Enquirer, Jones will owe the University of Cincinnati $1.4 million for leaving before January 1.
Click here to view a copy of Jones' contract with UC.
The news first broke Friday morning, minutes before a scheduled team meeting with Cincinnati players. According to NBC affiliate WLWT, Butch left that meeting with no comment to the media.
In a statement, UC director of athletics Whit Babcock said: "I would like to thank Butch Jones for his time at the University of Cincinnati. With that said, we are excited about the future of this program and this job will be extremely attractive nationally. Our search will begin immediately."
Jones will be replacing former Vols Head Coach Derek Dooley who was let go by UT after a disappointing season in the fall of 2012. The football team has been without a head coach for 18 days.
Jones was the 2011 BIG EAST Coach of the Year. He holds a 50-27 overall record and went 32-12 with the Bearcats.
Before his time at UC, Jones coached at Central Michigan University from 2007 to 2009. While there, the Chippewas appeared in three straight bowl games.
Butch Jones is from Saugatck, Michigan and is married with three children.