When my cable was broken a while back I went to Neils (corner of Madison & McLean). Not a sports bar, and not necessarily a Vol hangout, but it has 2 big screen t.v.s, 1 small one, and, basically reason #1 for me at the time: it was near my place in Midtown.
Ironically, just 5 seconds after I started this reply, the Channel 5 news (located in Midtown) chose the Fox & Hound as the place to film a bit on relocated Saints fans following their team. Kind've suggests AB got good advice, and just happened to arrive on a weekend when there was a special deal for Later fans.
Since the UT vs belly-crawling-reptile game will be about the biggest game going anywhere this Saturday, though, I'm thinking whichever sports bar you hit is going to be A. showing the game; and, B. full of at least bandwagon Vol fans.
My advice is to call the Tennessee Sports Zone (901) 753-8657 which is located out on the East (rich) edge of Memphis in Germantown, ask for the manager/ owner, and ask them for info on Vol football parties.
Sorry I can't be more help- especially embarrassing given my handle- but I've never had to think about it. Except for those 2 fluke Neils' visits, the only times I'm not bouncing off my own walls during a UT game is when I'm either in Neyland or at my Dad & Infamous Stepmother's*
*You know the old adage about how fewer women than men are college football fans, but the ones that are are scarier? It's really, really, REALLY true.