The suspense is over around the UNC football program.

The university released an E-Mail late this afternoon with the news that football coach Butch Davis had been immediately relieved of his duties, following a months-long NCAA investigation of players’ receipts of extra benefits as well as academic cheating.

Chancellor Holden Thorp and athletic director Dickie Baddour will hold a news conference Thursday morning to discuss the transaction and the immediate future of the program.

“To restore confidence in the University of North Carolina and our football program, it’s time to make a change,” Thorp said in the press release. “What started as a purely athletic issue has begun to chip away at this University’s reputation. I have been deliberate in my approach to understanding this situation fully, and I have worked to be fair to everyone involved.