According to Kiffin, he will return as Ole Miss coach next season and sign a new contract with the Rebels.
After Ole Miss' loss to Mississippi State on Thursday, Kiffin told both the team and his staff that he was staying.
The name of Kiffin had been bandied about for a long time in connection with the job at auburn.
Kiffin said he didn't want it to be about him staying before the game but about the team. I wanted the players to know that it was going to be announced after the game because I didn't want it to be a distraction.
An announcement from Ole Miss is expected this weekend.
According to sources, Kiffin's average annual salary will be between $9 million and $10 million. He made millions of dollars this season.
Kiffin has a 23-12 record at Ole Miss. The Rebels won their first seven games of the season. Ole Miss had its first 10-win regular season in school history.