- Deion Sanders, AKA Coach Prime, left Jackson State for Colorado.
- At Jackson State, Deion Sanders’ annual base salary was $300,000.
- At Colorado, Deion Sanders’ annual salary starts at $5.5 million.
With Colorado now 3-0 and in the AP Top 25, Deion Sanders has Jackson State firmly in the rearview mirror. A new era of Colorado football has touched down out west.
Before we get to all the college football betting odds, though, there are thousands of curious college football fans who want to know all the details of Sanders’ first FBS contract.
Deion Sanders Contract
Deion Sanders’ contract with Colorado is a five-year deal worth up to $29.5 million, and that’s before any bonuses or incentives.
After Year 3, the contract specifically calls for a renegotiation period, when either party can request a modification to salary, benefits, or other details.
Deion Sanders Salary
Deion Sanders’ total salary in his first year as head coach of Colorado Football is approximately $5.5 million.
His base pay is $500,000, with the remainder of his compensation tied to various media obligations, promotional duties, and student-athlete development.
The value of Sanders’ contract increases by $200,000 every year he is in Boulder. That means the current version of the contract taps out at $6.3 million for the 2027 season.
Deion Sanders Bonuses
Deion Sanders’ contract at Colorado includes a wealth of monetary incentives for potential team achievements. He will receive a $450,000 bonus if Colorado is invited to a New Year’s 6 bowl game and $750,000 if the Buffs somehow win a national championship.
The more attainable incentives include:
- $150,000 if Colorado wins six games in a season and reaches bowl eligibility
- $100,000 for each additional win beyond the first six
- $150,000 if Colorado wins the Pac-12
- $75,000 if Colorado plays in a Pac-12 Championship game
- $150,000 if Deion Sanders is named National Coach of the Year
- $75,000 if Deion Sanders is named Pac-12 Coach of the Year
- $50,000 each time Colorado attains a team APR of at least 965
Deion Sanders Buyout
If Colorado elects to fire Deion Sanders before the end of his contract, they must pay him a buyout equal to 75% of his remaining salary obligations.
If Sanders leaves Colorado for any reason – most likely to accept a better job elsewhere in the world of college football or the NFL – he would owe Colorado liquidated damages. Those damages are preset at $15 million if he leaves after the 2023 season. They decrease to $10 million after the second season and continue to decrease throughout the length of the contract.
Colorado Sports Betting
BetMGM is the premier destination all online sports betting.
From college football odds and NFL odds to parlays and live sports betting, you can make endless combinations of bets.
Is Sports Betting Legal in Colorado?
Yes, sports betting is legal in the state of Colorado.
You can place bets online with the BetMGM online sportsbook, which offers futures, daily spreads, player props, promotions, and more each year.
How To Bet Online in Colorado
Placing a bet online has never been easier in the Centennial State.
Sign up for a BetMGM account or log in to your existing account. Then you can browse different sports and leagues for odds that will take your sports entertainment to the next level.
Whether you’re a first-time bettor browsing college football spreads for Colorado, Colorado State, or Air Force, a casual NBA fan building a parlay from player props in the Denver Nuggets-Utah Jazz game, or a longtime diehard breaking down MLB betting trends for the Colorado Rockies, there’s something for everyone.