A player’s parent told me the same thing.
Hadn’t heard the $5M offer thing, but we had a pretty reputable poster pass along a conversation he had with a UT booster after the SMU game saying that Herman and his wife had spent the week up in Austin, meeting with boosters and shopping for potential houses so I wouldn’t be surprised if it was true.
(Edit) found the post and it was from @H-Town. I was a bit off on some of the details (this was after the Tulane game) but what he passed along came true.