Licking your wounds at over 5 million per for the next two years (the number is $11,158,333 to be exact) is an enviable position, but assuming Charlie has little interest in painting landscapes or taking up birdwatching, there are a few interesting opportunities out there for him to explore. The biggest issue is what he finds personally palatable and adjusting his own self-image to that of the national consensus.
UT has a significant financial interest here as well. Charlie Strong’s buyout would be reduced by 50% of the total compensation he received in a new position. That number is not a great job of negotiating by Texas with respect to basic mitigation, but every little bit helps.