Quite the opposite, IMO. I'm not sure Stoops would take a job when he knows his former boss is going to take the job of a cross-state, conference rival, in the same year. On the other hand, I'm not sure Dumbo would go for a job when he knows his former employee is taking a job with a rival in the same year.
Now, Stoops might know that his boss intends to leave, but doesn't know where yet.
But if Stoops has any clue at all as to what is going down, I can't see him taking the KY job when he thinks Dumbo is going to take the UT job within a week or two.