What people are saying is that Auburn and Alabama can match reasonable offers from Texas. If Texas offers Gus 4 or 4.5 million, Auburn can match that. Same for if they offer Saban 6 or 6.5 million. I don't know how high either program is willing to go, but they certainly can. They could match even higher, but I think these are about the limits. Paying 5 million plus is stupid money for Gus. 6-8-10 million for Saban isn't that impossible, but it would be absurd for Gus or any other coach at that level, and it would test what programs are willing to do.
So the point is, if Texas is going to give Saban money for Gus, then yeah, they'll probably get him assuming he cares at all about money. They might get Saban if you're talking 8 or 10 million a year.
Auburn and Alabama, and pretty much any other SEC team can match the market rate for any coach. Money is the issue, but it is only the issue in this situation because Gus wants more and Auburn is going to have to pay more.
That's it. If Auburn pays Gus at the market rate of $3.5-5.5 million, be will stay. It is true that the longhorns have made some really bad decisions over the last 3-4 years. Overpaying for Gus will not likely be one of them.