I'm not familiar with the immediate UCLA area, but UCLA hiring a coach for $5 million per year isn't exactly a slam dunk when lots of guys are making in the $4 million ballpark in dirt cheap flyover country. Obviously there are some great aspects to the job and area, but you've also got what are probably unrealistic expectations, an absolutely tanking conference bleeding money, and the west coast TV problem.
According to USA Today, that would make him #3 in school pay, behind Coach Cal & Coach K and only two coaches (Tony Bennet & Chris Mack) make $4 mil or more per season.
Bill Self, Jay Wright, Bob Huggins & John Beilein make $3.8 mil