Maryland OC James Franklin reportedly will be the new Vanderbilt head coach

Nashville ( - Maryland offensive coordinator James Franklin told the school he plans to accept an offer to become Vanderbilt's head coach, a source told ESPN's Joe Schad.

If he had remained at Maryland, Franklin would have been owed $1 million if he were not named the Terrapins' head coach by January 2012.

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Franklin has been Maryland's offensive coordinator and play-caller the past three seasons.

A source told on Monday that the Commodores had pursued Auburn Tigers offensive coordinator Gus Malzahn, who ultimately decided to stay with the Tigers.

Malzahn was making $500,000 under his old contract and will more than double that with a new multiyear deal offered by Auburn, which will pay him in the range of $1.3 million per year.