It would make sense in many ways. It's the deep South, so he wouldn't be able to parade around the office in a Speedo. But he would be paired again with Marcus Mariota.
It could be too late to get a plum college job. USC is the obvious fit, but they already screwed it up by needlessly promoting Helton. I think Chip stays in the NFL and Tennessee is an obvious fit.
Chip should do like my boy Jürgen Klopp (soccer coach) and take a "sabbatical" until the right job opens up. I don't think he should go back to the NFL.