According to a report by SB Nation, citing sources, the University of Florida has made current Ole Miss coach Hugh Freeze an offer to take over as the Gators’ new head coach.

The report detailed that the offer made by UF was somewhere between $4.2 and $4.3 million annually, and it also stated that Ole Miss has made Freeze a counter offer of  $4 million. Freeze is said to be weighing his options between the two schools at this time.

Freeze currently makes $3 million annually and is in the third year of a four-year deal with Ole Miss. Former Florida coach Will Muschamp made $2.73 million for the 2014 season.

The Rebels have already extended Freeze’s contract twice during his tenure, and athletic director Ross Bjork had previously stated Ole Miss was in the process of renegotiating Freeze’s contract for a third time. Per Bjork, those negotiations were not expected to be completed until after the season.

Freeze is 24-14 in three seasons at Ole Miss, and he’s led the Rebels to a bowl game in all three seasons. Ole Miss finished the 2011 season 2-10 and 0-8 in the SEC before Freeze arrived.

Including his one year at Arkansas State he is 34-16 in 50 career games at the FBS level, resulting in a win percentage of .680 in four seasons.

Updated: Florida released statements on Twitter about the report: