This is what I am hearing:
First, Townsend's father says that the offer from OSU is still there - that he can commit at any time and have a full scholarship. That said, none of the "speculation" around here agrees with that.
Second, remember that we have a 82 scholly limit, not 85, as a result of the NCAA sanctions. We have only signed 24 players this year and have 1 more to give, but not within the 82 limit.
The speculation is that Meyer did not believe that he would land all 4 (Wilson, Clark, Elliott and Bell). At most, he expected to land 3 of the 4. Also, EVERYONE expected Jamie Wood to hang up his cleats since he announced as much last season. It seems that he has had a change of heart and wants to try and play this spring. If his shoulder can take the beating (he is a safety), he would keep his scholly. While no one is certain how that will play out (obviously, everyone is pulling for him), that is one less scholly that we can hand out until the issue is decided. So it looks like we asked Townsend to wait and see how things play out with Wood or the rest of the roster.
Meanwhile, reports are coming out today that Florida has also offered Townsend a scholly, so the Gators and Tide are trying to pull him in.