Bruce Pearl has declined an offer to coach the Texas Legends of the D-League and instead will join the marketing firm H.T. Hackney Co. in Knoxville.

A news release by the company cited Pearl's marketing and economic background as a student at Boston College.

Peral received a three-year show-cause penalty from the NCAA's committee on infractions last week.

Pat Summitt, 59, has been diagnosed with dementia, according to a report from CBS Sports.

A formal announcement is expected to be made later on Tuesday.

Former University of Tennessee players have been receiving calls about the diagnosis, according to the report.

Summitt will try to coach this season, according to a former player.

Donnie Nelson said the Texas Legends put together "the most aggressive package in D-League history" in an effort to make Bruce Pearl the next head coach of the team.

"He is our A-Man and we are hoping to make something happen," Nelson said. "We have had basketball dialogue all day long. Based on our lunch this afternoon, my wallet is not near as big as Mark [Cuban] but it is wide open."

Pearl is nearing a decision on the job, though he has also entertained offers in broadcasting.

"I've always seen myself as a college basketball coach - it's all I've done," Pearl said. "Things change and I still want to coach and teach.

"I am very excited about today about listening to what the Legends have to offer."

Bruce Pearl is being pursued by the D-League's Texas Legends to become the team's next head coach.

Pearl was most recently head coach of the Tennessee Volunteers.

Nancy Lieberman previously coached the Legends, but has moved to the front office.