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RR Ralphie Report: Colorado and Deion Sanders agree to five-year, $54 million contract extension

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Coach Prime is staying in Boulder

After many months of speculation and rumors, it’s finally official: Deion Sanders is staying in Boulder.

On Wednesday night, CU’s Board of Regents unanimously approved a five-year, $54 million extension for Sanders, keeping him at Colorado through the 2029 season.

After leading Colorado from a 1-11 season to 9-4 in only two seasons after taking the helm, the brass at CU has decided to make Coach Prime one of the highest-paid coaches in all of college football.

Sanders is now set to make $10 million in 2025 and 2026, $11 million in 2027 and 2028 and $12 million in 2029. He averages an annual salary of $10.8 million, making him the fifth high-paid coach in the country, behind only Texas’ Steve Sarkisian, Clemson’s Dabo Swinney, Ohio State’s Ryan Day and Georgia’s Kirby Smart.

Sanders’ five-year, $29 million contract when he got to Boulder in 2023 was record-breaking at the time, but this new deal has wholly shattered it. Colorado has hitched their wagon to their guy, committing to sustained football success and keeping Prime in Boulder long-term.

“I’m excited for the opportunity to continue building something special at Colorado,” Sanders said in a press release. “We’ve just scratched the surface of what this program can be. It’s not just about football; it’s about developing young men who are ready to take on the world. I’m committed to bringing greatness to this university, on and off the field. We’ve got work to do here, and I wouldn’t want to be anywhere else but here, making history with these incredible players and this passionate fanbase. Lastly, anybody got at least a five-bedroom home with acreage for sale?”

by RylandScholes
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