Barring a last-minute snag in negotiations, Georgia Tech will hire Memphis coach Josh Pastner to replace the fired Brian Gregory, sources told ESPN.
Pastner will owe Memphis $500,000 for leaving the job.
The 38-year-old Pastner took over at Memphis after John Calipari left seven years ago and has taken the Tigers to the NCAA tournament four times. However, Memphis has not played in the postseason the past two years.
Memphis announced last month that it would stick with Pastner, who would have been owed $10.6 million had he been fired