Youngstown State University has officially installed Jim Tressel as president.
AKRON, Ohio - UPDATE: Click here for the information about the announcement
The University of Akron is holding a news conference Thursday morning regarding the hiring of Jim Tressel.
The school sent a news release saying the event will feature President Luis Proenza and Jim Tressel, but did not specify a position.
WEB EXTRA: Watch a live feed of the event (will be available on the newsnet5 app for iOS & Android, as well as our site -- check back for a link to the feed)
A spokesperson for the school told NewsChannel5 Tressel will make about $200,000 per year.
The announcement will be held in the Honors College Common Room at the U. of Akron.
Sports Director Andy Baskin reported Wednesday that sources told him that Tressel is taking a non-athletic role at the school, possibly as an administrator like a vice president.
"When Jim Tressel and other alumni assisted us in our search for a football coach last December, we began to engage in dynamic conversations about Jim's professional goals outside of athletics," UA spokeswoman Eileen Korey said, in a prepared statement to Baskin. "We share a common interest in innovative programs for student success. Our discussions continue."
NewsChannel5 will have a crew at the school. Keep checking newsnet5.com for more information.
Youngstown State University has named Jim Tressel president, its website states.