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Wow, not even $5M a year.
Chip made a nice chunk of change in the NFL and I'm sure Nike paid him handsomely when he was at Oregon, money probably wasn't high on his list at this point in his career.
He doesn't make his NFL money that he's owed now that he's employed again. He's basically working for free for UCLA the next two years.
He made close to $30 million in 4 seasons with the Eagles/49ers...I think he'll be aight.