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Deion Sanders finally received the compensation he deserved for his total revamp of Colorado football. On Friday, the University of Colorado and Sanders announced a five-year contract extension worth $54 million.
The contract will kick in this season, making Coach Prime the highest-paid head coach in the Big 12 and the sixth highest-paid head coach in college football.
Buffs fans celebrated the extension, which sometimes felt like it might never happen and Sanders would move on to the NFL. CU fans can rejoice and look forward to the next five years of Deion Sanders at the helm of Colorado football.
With such a massive contract, the Buffaloes' expectations are rightfully higher. But it is worth noting everything Sanders' contract entails.
Here is everything you need to know about Deion Sanders' new contract with Colorado.
Sanders' contract is a five-year deal lasting through the 2029 season.
Sanders' new salary increases each year as follows:
Sanders' contract has buyout amounts decreasing each year.
If any school or NFL team wants to poach Sanders away from Colorado, they would need to pay the amount above, depending on the year. Any time in the next two years would be quite the price to hire Coach Prime.
If Colorado repeats as nine-game winners like it did a year ago, Sanders will earn an extra $150,000. A conference championship would net Sanders $400,000 and an additional $50,000 for a College Football Playoff first-round victory. The biggest bonus is $250,000 if Colorado wins a national championship.
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Contact/Follow us @BuffaloesWire on X (formerly Twitter) and like our page on Facebook for ongoing coverage of Colorado news, notes and opinions
This article originally appeared on Buffaloes Wire: Deion Sanders' new contract's length, salary, buyout, incentives
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The contract will kick in this season, making Coach Prime the highest-paid head coach in the Big 12 and the sixth highest-paid head coach in college football.
Buffs fans celebrated the extension, which sometimes felt like it might never happen and Sanders would move on to the NFL. CU fans can rejoice and look forward to the next five years of Deion Sanders at the helm of Colorado football.
With such a massive contract, the Buffaloes' expectations are rightfully higher. But it is worth noting everything Sanders' contract entails.
Here is everything you need to know about Deion Sanders' new contract with Colorado.
What is the length of Deion Sanders' contract?
Sanders' contract is a five-year deal lasting through the 2029 season.
What is Deion Sanders' salary?
Sanders' new salary increases each year as follows:
- 2025: $10 million
- 2026: $10 million
- 2027: $11 million
- 2028: $11 million
- 2029: $12 million
How much is Deion Sanders' buyout?
Sanders' contract has buyout amounts decreasing each year.
- 2025: $12 million
- 2026: $10 million
- 2027: $6 million
- 2028: $4 million
- 2029: $3 million
If any school or NFL team wants to poach Sanders away from Colorado, they would need to pay the amount above, depending on the year. Any time in the next two years would be quite the price to hire Coach Prime.
What are the incentives in Deion Sanders' contract?
If Colorado repeats as nine-game winners like it did a year ago, Sanders will earn an extra $150,000. A conference championship would net Sanders $400,000 and an additional $50,000 for a College Football Playoff first-round victory. The biggest bonus is $250,000 if Colorado wins a national championship.
What impact has Deion Sanders had on Colorado?
- Applications to CU Boulder increased 20% from a year ago to over 67,000, including an 18% increase from out-of-state.
- Applications from prospective students who identify as Black/African American increased 50.5%
- Colorado sold out all but two home games during the 2024 season
- Home football games in 2024 brought a combined &93.9 million in direct economic impact to Boulder and $146.5 million in total regional economic impact
Follow Charlie Strella on X, Threads and Instagram.
Contact/Follow us @BuffaloesWire on X (formerly Twitter) and like our page on Facebook for ongoing coverage of Colorado news, notes and opinions
This article originally appeared on Buffaloes Wire: Deion Sanders' new contract's length, salary, buyout, incentives
Continue reading...
