My take (for what it's worth)...
Jamie wanted to be here when he came here. Otherwise, he wouldn't have agreed to a substantial buyout in his TCU contract. He HAD to know that he would improve our program once he got here and we wouldn't want to push him out the door once we saw improvement.
IF there had been any program that he would want to leave for, he should have pushed for that exemption in his contract. If that school was UCLA, UK, KU, Duke, UNC, etc. he should have pursued that.
He should realize that the fact that UCLA isn't willing to pay the buyout for him that TCU put into the contract that he signed should be proof to him that they don't want him as bad as we do.
It boils down to how badly he wants to coach at UCLA. If UCLA won't pay the buyout (they don't want him THAT badly), but he REALLY wants to coach there, he can basically take a pay cut to go to the destination that he really wants to be at. What's more important, hometown and family location, or pay? After the buyout is paid off, he makes his salary and all is good. Basically, if they pay him $5mil a year and he pays $4mil a year for 2 years to pay off his buyout, and he made $3mil a year here and he can somehow manage to find a way to make it on what he has banked while here and the $1mil he'll make the next two years there until the buyout is complete, then that's up to him. Whew, that was convoluted.
He has the chance to be the Patterson of TCU basketball here, or an also-ran at UCLA.
I think his ego is playing a large role in this decision, as well. Everyone is different and has different priorities.
tl;dr