Then, later today,a regular ponyfans not prone to making stuff up and prone to posting some accurate information about the football program posted that he was told the next coach was Franchione.
Aside from these two comments, I haven't been able to track down anything else on this. I wish I had more to add. I will let you know when I do. I will add that Brian Davis in his A&M chat added the following:
Brian Davis: I don't think Fran will get a big-time job anytime soon. It's hard to see a major school paying a coach upward of $2 million when he just got fired from his previous position. Oops, I mean "resigned" from his previous position.
Franchione would be a great fit at a place like SMU or one of those other
lower-level schools. But he's not going to Michigan, if that's what you're asking.