The Bulls came to an agreement with Manhattan coach Steve Masiello earlier in the week but then parted ways after it was discovered that Masiello did not earn a degree from the University of Kentucky, as was stated on his resume.
It's still unclear whether Rice will accept the job, but one thing is clear: He would make more money. South Florida is offering a five-year deal in excess of $1 million per season. He earns $700,000 a year at UNLV.
Rice was a former assistant at BYU who has been at the helm at UNLV the past three seasons. He is an alum who took the Runnin' Rebels to the NCAA tournament in each of his first two seasons, but the team struggled this season and finished 20-13 overall, 10-8 in Mountain West play.
The news was first reported by the Las Vegas Review-Journal.