Well that was fast. I expected news to come out about Donovan to UK eventually, but not this quickly.

GAINESVILLE – - A source close to the University of Kentucky athletic program tells Fox 35 Sports that Billy Donovan will resign as Florida Gators’ head basketball coach to take the same position at Kentucky.

The University of Kentucky has called a 4:30PM press conference in which the school is expected to announce the firing of head basktball coach Billy Gillispie. Kentucky has reportedly waited until a replacement coach is in place before letting go of Gillispie, who spent two seasons in Lexington.

Donovan led the Gators to back-to-back NCAA men’s basketball championships in 2006 and 2007. After the ‘07 championship, Donovan agreed to become the head coach of the Orlando Magic, but changed his mind a few days later and returned to Gainesville.

The Gators have not made the NCAA tournament in either of the past two seasons.

Original Report

WATCH THE 4:30 PRESS CONFERENCE LIVE ON UKATHLETICS.COM

Also, remember that Donovan appeared to be coming to Lexington two years ago. The following article by ESPN.com’s Andy Katz was written after Rick Barnes and Billy Donovan both turned down the offer to follow Tubby Smith as the head coach of the Wildcats. It just kind of puts things into perspective. Click here to read it.