Fellow TAMU blogger Brad, from The 12th Manchild, reported yesterday that

Arkansas AD Frank Broyles makes official contact with Gillispie

I have not seen this anywhere else yet. Great scoop.

[Update] I should really read the news before I post. Looks like SA-Express picked up the story. This whole thing is very strange shady. Arkansas AD, Frank Broyles, has "not talked to a single coach". Using "other channels", he has made his offer and is now "sitting by the telephone hoping to hear something". When asked about the offer TAMU AD, Dollar Bill Byrnes, said he will say something when he has "something to say". I interpret that to mean that no communication has gone down between Broyles and Dollar Bill, meaning this is a totally back room deal. That theory is supported by the stuff that Brad, same Brad as before, dug up by looking at flight records.

a plane linked to Arkansas booster & Broyles adviser, Reynie Rutledge, lands in College Station, but is only on the ground for about 35 minutes before heading back to Searcy, AR

Is Rutledge the "other channel"? There was a sighting of Billy later that day, so we know he did not get on the plane, but it is possible that Rutledge delivered Arkansas's deal to Billy at the airport, or one of Billy's associates (maybe his agent) got on that plane. Soon after Brad reported this, the Arkansas Board of Trustees removed their flight records from public viewing. Tracking their movements is now much more difficult and all of this even more shady.