UPDATE: Butch Jones is out at Tennessee.

Multiple sources, including a former Vols player, have confirmed to Channel 3 that Butch Jones and the University of Tennessee parted ways Sunday.

Tennessee Athletic Director John Currie quickly confirmed the news during a hastily-called news conference Sunday afternoon in Knoxville.

Both Jones and Currie met with the team Sunday to discuss the changes to the program's leadership. 

Brady Hoke will serve as the interim head coach for the rest of season.

Jones was hired December 5th, 2012 and was the 24th head football coach in school history. During his time as head coach, he led Tennessee to a 34-27 record and took the Vols to three-straight bowl games. However, Jones was never able to take UT back to the SEC Championship game. 

Jones had three years remaining on his contract, which owed him $4.1 million annually through the 2020 season.

The Vols are currently set to host LSU on Saturday, Nov. 18.