That Knight would be sought after for March and college basketball punditry, in general, is no surprise. Given the nature of the TV media coverage it would be either ESPN or CBS. Beyond simply the money, ESPN was the obvious choice. Given Knight's stormy relations with much of the media, he has been on very good terms with ESPN personalities. From the late Dick Schaap, to the present ex-coaches and players at ESPN there was a better comfort level.
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Knight will start working during the ESPN "Championship Week" (the conference tournaments -- that Knight hated as a coach) and the sundry "Selection Sunday" specials ESPN will have the entire day.
No word on who ESPN has hired to work the 7 second delay and bleep button.