The announcement is expected to come from Meyer at a news conference scheduled for 2 p.m.
This is all about stability: The date, the time, the location, all of it.
This had been talked about since the beginning of the season, in the wake of Meyer's 3-game suspension and the recent diagnosis of the worsening of a cyst on Meyer's brain that causes painful headaches.
Meyer explained the severity of his health issue in October and admitted he was.
No. 1 Alabama will play No. 4 Oklahoma in the Orange Bowl
No. 2 Clemson is headed back to the Lone Star State for a second time this season and a first trip to the Cotton Bowl since 1940. That's a problem - and it may be leading to a fourth precedent that says, "We're just gonna do whatever the hell we want".
Meyer is coming off back-to-back Big Ten championships and is heading into a January 1 Rose Bowl matchup against Washington. He also was heavily criticized for what some saw as overly lax treatment of now-fired assistant coach Zach Smith, who was accused by his ex-wife of domestic abuse.
But perhaps most important to Ohio State fans, Meyer is a flawless 7-0 against rival MI. And, of course, Meyer beat hated rival MI all seven times he faced them, including the last three with Jim Harbaugh as head coach. Ohio State will officially name Day as the permanent replacement on Tuesday.
CBSSports.com reports Meyer's teams went 85-9 in his seven seasons as Ohio State coach, including a 55-4 Big Ten record. Asked if he would definitely return to Ohio State next year, he answered, "Yes".
Ohio State will play Washington in the Rose Bowl on January 1 after winning the Big Ten championship over Northwestern on Saturday.