Per Chris Low of ESPN.com (@clowespn)--
The buyout issues have been resolved, and Florida is expected to announce Jim McElwain as its coach later today.
— Chris Low (@ClowESPN) December 4, 2014
OSG Sports will have more on this story as the day and details progress...
From Earlier this morning:
And the coaching carousel gets a bit more intense this Thursday morning as perhaps the most public rider on it continues to wait for his opportunity.
Throughout the day on Wednesday, we, along with media in Fort Collins, Colorado and all over the state of Florida kept tabs on Twitter, fully anticipating the Florida Gators announcing they were hiring Colorado State head coach Jim McElwain.
That has yet to happen.
It still and probably will happen at some point, but it appears both sides have hit a bit of an impasse. The impasse--the $7.5 million buyout in McElwain's deal that Florida cannot afford to pay and CSU to this point is unwilling to lower.
The Gators are already on the hook for Will Muschamp and his staff's buyouts. They don't want to pay that, plus the buyout plus the $3-4 million it will cost to hire McElwain.
And we don't blame them for that.
But for some reason, it appears Gators AD Jeremy Foley has already gone all-in on this. Granted, he will likely get his man at some point. But he doesn't have him yet.
Reports say Florida has registered a website for McElwain and there's still lots of speculating that he will appear on Sunday or Monday after the SEC Championship game, which is what we think and have said all along will happen.
But until then, the game...and the carousel continues.
In the meantime, KUSA-TV in Denver spent time talking to the man who hired McElwain at CSU, former AD Jack Graham: