Randy Shannon was fired by the University of Miami exactly one year ago today. http://sports.espn.go.com/ncf/news/story?id=5858214&campaign=rss&source=ESPNUHeadlines
Supposedly, he was close to being hired by Ransy Edsal as DC but declined because he would have lost his $1+ million buyout. Again, according to what I've heard, that restriction was set to end in one year...today!
According to reports, Shannon has been travelling the country observing other coaches and plans to return to coaching. http://www.cbssports.com/mcc/blogs/entry/24156338/30875779 The question now is where will he land? Unfortunately for UMD, he has a lot of options. Shannon is well respected, was seemingly untouched by the recent Miami scandal and had a good record for graduating his players. He just didn't win enough games to satisfy Miami's expectations. He could very possibly get a HC job at a non-BCS school or one of the lower profile BCS schools. I think it's unlikely that an elite program like Ohio State will be interested, his player graduation rate was too high. Actually, he might be an attractive HC option for a school like UMD, i.e. BCS conference but not very good.
The other opossibility is that he takes a DC position. Again, the news is probably bad for UMD. If his record as HC is questionable, his record as DC is not. Out of his 6 years as DC for Miami, only one time was his defense not ranked in the top 10. Any program in the country would be interested in having him as DC. I think our only chance would be if he and RE already have a good personal relationship which might be reflected in their similar coaching philosophies (no names on jerseys, highly structured, etc).
My conclusion is that although I would love to see him as MD's next DC, I think it's a really long shot, but whatever happens, I think it will happen soon. I'm betting he already has an arrangement with somebody and from here on is just waiting for their season to end. If his next team is going to a bowl game, we might not hear until January.