KNOXVILLE, Tenn. (WRCB/AP) – University of Tennessee head basketball coach Bruce Pearl has admitted to lying to NCAA investigators.

In a news conference Friday, Pearl said "I provided false and misleading information to the NCAA."

"I take full responsibility for my actions," he continued. "I let my family down. I let the university down. I let the fans down. I can find no tolerable reason why I did not tell the truth the first time."

Volunteers Athletic Director Mike Hamilton says Pearl will face university imposed sanctions including $1.5 million over five years, which equates to one year's salary.

Pearl has also been banned by the university from off campus recruiting for a full year.

Tennessee's assistant coaches will also face university imposed sanctions, including bans of various lengths from off campus recruiting.

Tennessee has received official notice from the NCAA of an investigation into possible recruiting violations by the men's basketball program.

"What we did was wrong, but it was not as bad as how we handled the situation," said Pearl.

The NCAA has talked to Pearl and associate head coach Tony Jones while looking into possible excessive contact with recruits.

The NCAA has also interviewed current and former Tennessee football coaches and recruits as part of a separate investigation into possible allegations under former football coach Lane Kiffin.

The university has not received a formal letter of inquiry from the NCAA about that investigation.

The Associated Press contributed information to this story.