I agree, but feels like Herman is still somewhat of a hot name. Maybe not for the blue bloods, but CU is far from a tier 2 P5 program. If James Franklin takes the USC job, for example, Herman feels like a solid candidate for Penn State. Great recruiter and pretty solid coach; just wasn't good enough for Texas (hint: nobody that can't win a National Championship within 3 years is going to be).
If he still has 2 years left of Texas paying him $5m/year to not coach, I feel like he can be pretty picky and would be looking at programs that fall into the caliber of Miami, Michigan State, Penn State, Washington, ASU, UCLA, Tennessee, Florida State, etc. Obviously CU isn't in that tier of jobs.
Or, maybe I'm way off base with my perception of Herman and the caliber of jobs he's a candidate for and CU would be fairly realistic.