Alabama football coach Dennis Franchione, in Selma, Ala., on Tuesday night to speak to the Quarterback Club, said he has not been contacted about the head coaching opening at Texas A&M.

He also said he had no news about a contract extension to remain coach of the Crimson Tide.

A source privy to communication between Alabama officials and Franchione told ESPN.com's Ivan Maisel earlier on Tuesday that Franchione promised the university's board of trustees that he would sign a new contract offer, and that he agreed with all aspects of the deal.

Franchione reportedly has been offered a new 10-year deal for about $15 million.

University of Alabama trustee Peter Lowe said he believes Franchione will stay with the Tide.

"I'll be surprised if he doesn't stay and is not our coach next year,'' Lowe said Tuesday.

Lowe said he believes the biggest holdup on a contract at Alabama has been Franchione's focus on the season, not a desire to pursue other jobs.

"I feel like he's gotten most of the details worked out on the contract and has been coaching, which is what I wanted him to do,'' Lowe said. "Now he'll have time to get it finalized.

"I just feel like we'll get it worked out and I certainly hope that's the case. We've just got to get together and get it signed.''

Meanwhile numerous Texas newspapers and The Associated Press are saying that Franchione is at the top of a list of candidates Texas A&M officials are pursuing to replace R.C. Slocum, who was fired Monday.

Franchione, who is 17-8 at Alabama after two seasons, is under contract with Alabama through 2007 at $1.1 million per season plus incentives.

University of Alabama Interim President Barry Mason said Monday the contract extension wasn't signed in recent weeks because Franchione "didn't want to be distracted" during the season.

Mason also said he believes Franchione will remain with Alabama.

"He said he will be with us. He told us he would stay," Mason said.

Information from the Associated Press is included in this report.