It would be ironic if Gillispie wound up at Memphis. After all he may be the best coach available for the job. Dan Wolken of the Memphis Commercial appeal wrote a great piece that, touched on this and where Memphis stands with their coaching search. Also note that it is rumored that 5 star big man Daniel Orton would consider following Gillispie if he was to land a division 1 job in the near future.
"The appearance of trading coaches with Kentucky would be odd, if not off-putting to some. But let's face it. If Calipari had gone anywhere else, who's the best, most accomplished coach available? There's no doubt, it's Gillispie, who has been coach of the year in the Big 12 (2005, 2007) and the SEC (2008). Two years ago, nobody was hotter than Gillispie. And he wants the job. Wouldn't it be a heck of a story if the two parties who got wrecked by Kentucky join forces, both with something to prove? Now that's a "Wow" hire."
Full Article