The two quarterbacks were informed of Bunting's decision Monday afternoon.
"Each one of them competed, each one made plays; they have leadership qualities," Bunting said. "We think this is the best way to begin this season."
Dailey (6-1, 205), the junior transfer from Nebraska, sat out the 2005 season due to NCAA transfer rules. In 2004, he started all 11 games for the Cornhuskers, setting a school single-game passing record with 342 yards and five touchdowns against Baylor. On the year, however, he had 17 touchdowns and 19 interceptions, with a 49.4 completion percentage.
Sexton (6-1, 190) redshirted his freshman season at Carolina in 2005 after breaking his ankle during spring practice. He was a heralded recruit out of Laurinburg, N.C., choosing the Tar Heels over such schools as Florida State, South Carolina, Virginia Tech and Clemson. A prolific passer at Scotland County HS, Sexton recorded 2,379 yards and 22 touchdowns his senior season.
"They're both great athletes - one's younger than the other. What's happened here is that Joe Dailey made a huge jump from spring to summer and Cam Sexton is going to be a great quarterback for us. They're both very athletic, both have good arms, tremendous instincts and great leadership ...
"Joe Dailey will start the game for us because he's earned that right," Bunting said. "Cam Sexton is going to play because he's earned that right."
Bunting said no specific game plan was in place yet for using the two quarterbacks Saturday.
"I don't have an absolute plan in place - as the week progresses me and [offensive coordinator] Frank [Cignetti] will talk about it longer about when we would insert Cam and under what circumstances. None of that is defined."
But UNC's head coach did note that the plan is not to use something similar to the balanced rotation he employed in 2001 with Ronald Curry and Darian Durant.
"Right now it's not like it was in '01 where we had a two-series rotation. We're not there - we're not at that point. I admired what Louisville did with their two quarterbacks the year they came over and played us. Would that be something I'd like to fashion our quarterback insertion after? Yeah, it'd be more along the lines of that."