Holy bujeezuz! There appears to more than mere internet rumor behind the Ferentz thing. And, he may have accepted an offer. From the guy mgoblog claims an iowa newspaper editor from RCMB:
I had two independent sources call me tonight and tell me they had heard Ferentz has indeed accepted the job.
We'll see what happens tomorrow.
I'm passing along the information I received from:Link.
A) A well-respected media source in Michigan.
B) A well-respected college coach in Michigan.
C) A well-respected media source in Iowa.
Sorry if the evidence isn't concrete enough for you.