The Colorado Buffaloes have reportedly agreed to a new five-year, $54 million deal with head coach Deion Sanders, which "will make him one of the highest-paid coaches" in college football, the Boulder Daily Camera's Brian Howell reported on Friday (March 28).
"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," Howell wrote on his X account.
"Colorado's Deion Sanders will earn an average of $10.8 million during his 5-year contract. That is triple the average of the highest-paid coach in CU history prior to his arrival: Karl Dorrell, at $3.6 million per year," he added.
Sanders went 13-12 (8-10 in conference play) during his two seasons at Colorado, which includes a 9-4 (7-2 Big 12 Conference) finish in 2024, two years after the team went 1-11 (1-8 Pac-12) under his predecessor Karl Dorrell and 27-6 (19-2 Southwestern Athletic Conference) during three seasons at Jackson State from 2020 to 2022. The College and Pro Football Hall of Fame cornerback is credited for developing two-way superstar Travis Hunter into a Heisman Trophy winner in 2024, as well as both Hunter and his son, quarterback Shedeur Sanders, into two of the top prospects in the 2025 NFL Draft.
Sanders was also previously linked to the Dallas Cowboys' head coaching vacancy before offensive coordinator Brian Schottenheimer was promoted in January.