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Deion Sanders has a 13-12 record in two seasons with Colorado. In 2024, the Buffaloes finished ranked in the top 25 of both the AP and Coaches polls for the first time since 2016. (Photo by Cindy Ord/Getty Images for SiriusXM)
(Cindy Ord via Getty Images)
Deion Sanders has a new contract to stay with the Colorado Buffaloes, the school announced on Friday.
Sanders’ contract, which was approved by the school’s board of regents, is now a five-year, $54 million deal that will make him one of the highest-paid coaches in the country.
“Coach Prime has revolutionized college football and in doing so, has restored CU football to our rightful place as a national power,” said Colorado athletic director Rick George in a statement. “This extension not only recognizes Coach’s incredible accomplishments transforming our program on and off the field, it keeps him in Boulder to compete for conference and national championships in the years to come.”
Sanders, 57, will earn $10 million in 2025 and 2026; $11 million in 2027 and 2028; and $12 million in the final year of the seal, according to Brian Howell of Boulder Daily Camera.
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The original five-year, $29.5 million contract that Sanders sign when he joined Colorado from Jackson State in 2022 had three more seasons and $18.3 million remaining on it.
There was a time during this offseason where Sanders’ future was in question. The Dallas Cowboys reportedly had him in mind as a head coaching candidate to replace Mike McCarthy, but ultimately Jerry Jones said that the Hall of Fame cornerback was never a serious candidate for the job.
According to Howell, if Sanders bolts for another job before Dec. 31, 2025, he would have to pay Colorado $12 million. That payment drops to $10 million if he leaves before Dec. 31, 2026; $6 million before Dec. 31, 2027; $4 million before Dec. 31, 2028; and $3 million…
Source link : https://sports.yahoo.com/college-football/article/deion-sanders-signs-reported-5-year-54-million-contract-extension-with-colorado-173505169.html
Author : Sean Leahy
Publish date : 2025-03-28 17:35:00
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