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Colorado State, Florida in 'latter stages' to reaching an agreement

More sources are reporting that Jim McElwain will become Florida's next head coach.

Ron Chenoy-USA TODAY Sports

It is looking more and more likely that Colorado State will be losing Jim McElwain to Florida. Yahoo's Pat Forde is reporting that McElwain and Gators athletic director Jeremy Foley are in the "latter stages" of coming to an agreement. Foley flew to Fort Collins, Colorado, and spent several hours at McElwain's house on Tuesday to hammer out a deal.

Forde is also reporting that McElwain could be introduced as Florida's next head coach as early as Wednesday, and that the $7.5 million buyout is very likely staying at that number. Also, Florida has been gathering information on McElwain ever since Will Muschamp was let go, and also according to Forde's sources, it is unclear if any other coaches have been seriously involved in Florida's search for a new head coach.

This is a big blow to the Colorado State program which has finally turned around its program after having a downturn ever since Sonny Lubick retired as the Rams head coach back in 2007. Lubick won multiple conference titles in the WAC and Mountain West, and while McElwain never reached those heights he was on his way to possibly doing so.

McElwain's 10 win season is the most Colorado State has earned since 2002 and that is the last time the Rams won a conference title.

It is time for Colorado State to start looking for its next head coach, if the school has not already.