Oklahoma State coach Mike Gundy is staying at his alma mater, the coach announced via Twitter, confirming an initial report by college football insider Brett McMurphy.
Gundy reportedly met with UT representatives in Dallas and turned down a 6-year, $42 million deal, opting to stay with his alma matter, according to McMurphy.
Gundy, an Oklahoma native and Oklahoma State alum, has spent the majority of his career working in his home state. He began his career as a wide receivers coach in 1990, switched to quarterbacks coach in 1991 and spent two years as offensive coordinator beginning in 1994.
After a season as Baylor's PGC/QB coach and four seasons as Maryland's PCG/QB/WRs coach, Gundy returned to the Cowboys as assistant head coach and offensive coordinator under Les Miles in 2001, before being promoted to head coach in 2005.
He currently holds a 113-53 (69-42 Big 12) overall record, which includes going 7-4 in bowl games and a Big 12 championship in 2011.
Gundy was the Big 12 Coach of the Year in 2010, as well as the Paul "Bear" Bryant Award and Eddie Robinson Coach of the Year winner in 2011.
On Sunday, Tennessee reportedly reached a memorandum of understanding with Schiano, which led to protests on social media and UT's campus by Vol fans, leading to a breach in the agreement.
The former Rutgers and Tampa Bay Buccaneers head coach had previously worked as a defensive assistant at Penn State under former defensive coordinator Jerry Sandusky, who was convicted of child molestation stemming from his tenure with the Nittany Lions in 2012.
According to a report, Schiano allegedly knew of Sandusky's sexual abuse and turned a blind eye, according to testimony from former Penn State assistant Mike McQueary that was unsealed in 2016 by a Philadelphia court.
Schiano has denied the allegations in the past, having told ESPN's Adam Schefter: "I never saw any abuse nor had reason to suspect any abuse during my time at Penn State."