Extraordinary salary details revealed in Deion Sanders’ new contract as University of Colorado’s new football coach
In December 2022, Deion Sanders, aka “Coach Prime,” was appointed as the head coach of the Colorado Buffaloes football team. Prior to that, Sanders was a successful coach at Jackson State University , where he managed to lure some of the top recruits in the nation, including Travis Hunter, the number one recruit in the class of 2022.
Sanders’s decision to leave Jackson State to become the head football coach at the University of Colorado is a no-brainer. Colorado has reportedly signed the former NFL star to a five-year, $29.5 million deal—the most lucrative contract given to any football coach in that school’s history and a huge bump up from Sanders’s current four-year, $1.4 million contract. ~ The Atlantic
See: Deion Sanders’ Bio
Sanders was also a professional two-sport superstar, playing in the NFL and MLB, becoming the only player to reach a Super Bowl and World Series. Now with the Buffs, Sanders is set to make more big money as a Division I head college football coach. Below we take a look at Coach Prime’s contract, salary, and net worth, thanks to an in-depth review conducted by The Sports Daily.
Deion Sanders’ Contract And Salary
Sanders’ contract with Colorado is a five-year deal that is worth a total of $29.5 million. In his first season in 2023, Sanders will earn $5.5 million, and his compensation will increase each year, reaching $6.3 million in 2027, putting him among the highest paid coaches in college football.
Sanders’ contract also includes incentives, such as $750,000 if Colorado wins the national championship and $450,000 if they are invited to a “New Year’s 6” bowl game.
Other incentives in his contract include:
- $150,000 if Colorado wins the Pac-12
- $150,000 if they are invited to any other bowl game
- $150,000 if he is named National Coach of the Year
- $100,000 for each additional win after six games.
- $75,000 if Colorado plays in a Pac-12 Championship game
- $75,000 if he is named Pac-12 Coach of the Year.
Sanders will also receive $200,000 yearly as a private jet allowance for recruiting purposes. However, he must wear Nike-branded Colorado gear during football functions, even though he previously had a deal with Under Armor.
After the 2025 season, Sanders’ contract features a renegotiation clause that will allow him to increase his pay.
Deion Sanders’ Net Worth
Deion Sanders had an illustrious career in both the NFL and MLB, where he earned over $45 million. During his NFL career, he played for several teams, including the Atlanta Falcons, San Francisco 49ers, Dallas Cowboys, Washington Redskins, and Baltimore Ravens.
Sanders’ MLB career was not as successful as his NFL career, but he still managed to earn around $13 million. He played for the New York Yankees, Atlanta Braves, Cincinnati Reds, and San Francisco Giants over the course of his baseball career. He also made a World Series appearance during his playing days.
In his new role as the head coach of the Colorado Buffaloes, Sanders is set to earn almost $30 million over his five-year contract.
His current net worth is reportedly around $50 million, earned through hard work during his playing career and now as a coach.
For more about Deion Sanders’ new coaching gig and how it sparked some division among some of the the sports media, see the video accompanying this article.
Posted by Richard Webster, Ace News Today / Follow Richard on Facebook. Twitter & Instagram
