Deion Sanders signs reported 5-year, $54 million contract extension with Colorado

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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)
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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 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.

BREAKING: Colorado’s board of regents have approved a new 5-yr, $54 million contract for head coach Deion Sanders that will make him one of the highest-paid coaches in the country. Yearly base salary breakdown:
2025: $10M
2026: $10M
2027: $11M
2028: $11M
2029: $12M#cubuffs

— Brian Howell (@BrianHowell33) March 28, 2025

This story will be updated.

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