According to Greg Auman of the St. Petersburg Times, Louisville is likely headed to the Beef O'Brady's Bowl in St. Petersburg.
An unnamed member of the Cardinal football team (INTERNET REPORRRTTT!!!!!!) has said the same thing, but added that he thinks the deal is contingent upon (not his words) South Florida losing to Connecticut at home this Saturday. Birmingham is the likely destination for the Bulls should they lose.
Southen Mississippi accepted a bid to the Beef O'Brady's Bowl earlier this week.
Latest bowl projections:
ESPN: Little Caesar's Bowl vs. Northern Illinois
Phil Steele: Sun Bowl vs. Miami
CBS: Little Caesar's vs. Northern Illinois
Fox: Little Caesar's vs. Northern Illinois