I said this on another board, and I'll say it again here.
It’s one thing to flirt with a Miami or some faraway program that would have almost no interaction with Nebraska, but the idea of Bo leaving his players and his trusted AD to go to a program that would be in direct competition with Nebraska EVERY YEAR sounds too far-fetched (not to mention, out-of-character for him) to be credible. Besides, Michigan’s program is a mess right now, and he’d basically be starting over from scratch. Why leave for that when you’re just one reasonably-consistent offense short of a conference title (or more) at Nebraska?
You never say never, but I’m not inclined to buy into this. And if Michigan really is gunning to lure a coach away from a division rival of equal tradition and stature, well… that’s just plain arrogance.