Not doubting you, but where are you seeing this? It isn't on the ESPN SEC Blog, which you would think Lowe would have an article on. Also, I can't find any media source in Alabama claiming this?
He's not out. There was an article that came out on auburnundercover.com. The article can be found here:
http://www.mrsec.com/. The wording makes you think, though, that at the end of the season, Chizik will be out of a job. Nothing is official, but if our esteemed President does not deny this within 24 hours, I think it is a done deal.