The cat is out of the bag. Robert Sloan is likely leaving the chancellor's office at Baylor to become the next president of Houston Baptist University. For those who have forgotten the story, Sloan resigned the presidency at Baylor after controversy over his rapid implementation of the Baylor 2012 vision. Debates raged at Baylor (and still do) over the desirability of integrating faith and learning. More prosaic matters were also involved, such as whether Baylor should build a $100 million science facility (which it did under Sloan's direction).
Houston Baptist is much smaller than Baylor, but it has some advantages. First off HBU has a board that has seen exactly what Robert Sloan does with a university and wants his leadership. Second, Sloan gets to do his thing at a school in a major metropolitan area. That means a setting very congenial to recruiting students and faculty and holding conferences. It also means going to work in the midst of a very large and thriving evangelical community in Houston.