As of this writing, Tennessee's surprising news conference announcing self-imposed penalties is nearly finished. We'll have much more about the press conference, the investigation, and the causes therein -- excessive phone calls and providing misleading information to the NCAA among them -- in due time, but for now, here is Tennessee's list of self-imposed penalties for coach Bruce Pearl and his staff. You can read the PDF of UT's press release here. The digest version:

• A $1.5 million reduction in pay for Bruce Pearl over the length of his contract, which expires in 2015. The reduction proceeds progressively; Pearl will give up almost $1.1 million over the next two years, and he will not receive a scheduled retention bonus of $500,000 in 2012.

• A series of pay cuts for Pearl's staff, including assistant coaches Tony Jones, Steve Forbes, and Jason Shay.

• And, in what could be the most important penalty for Tennessee's on-court performance, Pearl will be prohibited from any off campus recruiting activities from Sept. 24, 2010 to Sept. 24, 2011.

Those are in addition to handful of penalties -- lack of phone calls, a decrease in recruiting visits, and the like -- that Tennessee already imposed on Pearl and his staff when the school learned of "impermissible phone calls."

More to come, so stay tuned.

In the meantime, Pearl managed to coax a laugh from the assembled media Friday afternoon when, after a fire alarm randomly came on during his appearance -- right when he was admitted he provided "misleading" information to the NCAA -- Pearl said: "I want to thank my players for pulling the fire alarm." Somehow, I doubt Tennessee fans will be amused.