I'm not buying it. Hard to see what he gains with that move, which is at best lateral. And he's unlikely to find another AD who is as big a bonehead as the guy he gets to deal with now when it comes to throwing cash and extensions at coaches. He can stay where he's at, make the tourney field a couple of the times over the next 5 years and ride the gravy train to retirement.
Maybe he just gains his way out of Iowa. It hasn't exactly been a smooth ride between his anger issues and Dolph, a little lack of success. It's a great contract and money is good and you have an idiot AD but you still have to be happy where you are.