Chip is not the answer for HC. He is the answer for OC, though.
If I'm Oregon, I'd offer him the UCLA salary, full control of the offense, and let him negotiate his funding for position coaches. I would then offer a young DC the HC position who is fantastic at recruiting, is willing to learn and adapt (unlike MC), has championship experience, and has access to a great coaching tree. Pete Golding (Bama DC) and Dan Lanning (Georgia DC) come to mind.
OC's and DC's come and go, but if Oregon wants to consistently get to the CFP in 5 years, it needs to surround its young HC with assistants who are great at X's and O's and game management.