Update, 7/28: The Sun-Sentinel is reporting Sanchez's new gig is on a volunteer basis.
We thought he might have had some kind of circus deal with Mega TV in the works, but he's pulled another drunken swerve on South Floridians and taken up with the Golden Panthers. Sanchez's Wikipedia page hasn't been updated yet, but he'll surely fix that soon.
FIU has a history of hiring formerly famous people, including alleged NBA sexual harasser and all-around poor sport Isiah Thomas. Sanchez should be fine as long as he doesn't have to explain things like weather or geography or volcanoes or anything else.