"I'm really excited about it,'' Pearl said. "I think I can bring some passion and knowledge to the broadcasts.''
Pearl was hired Monday along with former Virginia Tech coach Seth Greenberg. ESPN also announced current analyst Jalen Rose will join its weekly "College GameDay" show.
Pearl, who was away from basketball last season while serving the first year of a three-year show cause penalty handed down by the NCAA last August, will serve as a studio analyst throughout the season and will call select games from various conferences, according to an ESPN release.
"This announcement allows me and my family to stay in Knoxville and maintain my position as the Vice President of marketing for the H.T. Hackney Company,'' Pearl said.
Pearl also will continue to do his Sirius XM Radio show in addition to making appearances on ESPN Radio.
Pearl, who was dismissed from UT on March 21, 2011, on account of the cumulative effect of an NCAA investigation into charges of recruiting improprieties, said he started doing his homework for the upcoming season last week.
"I went to Las Vegas to watch the top prospects and talk with some coaches,'' Pearl said. "ESPN is the home of college basketball, so for that network to provide me with this opportunity to stay in the game is something I'm grateful for.''