Herman proved that he'd only leave Houston for a blue blood/top tier program (sorry South Carolina). What happens in either Austin or College Station this year will determine where he's coaching in 2017.
IMO, Non-Power 5 teams have a better chance at the reaching the Playoff/National Title Game than under the BCS. All it takes is a team like Houston/Boise (mid majors with a track record of success versus quality competition) going undefeated in a year with multiple 1 or 2 loss Power 5 conference champions. See years 2009 & 2010. It could be argued that we would have seen a non-power school in the playoff for two straight years.