Rich Rod out at Michigan
The report comes after Rodriguez met with athletic director Dave Brandon earlier Tuesday.
Members of the football team are scheduled to meet at 7 p.m. ET on Tuesday, according to another report out of Ann Arbor.
Michigan's Gator Bowl loss to Mississippi State knocked Rodriguez's overall record to 15-22 with college football's winningest program.
Michigan will owe the coach $2.5 million to buy out the final three years of his contract.