Deion Sanders secures $54 million contract extension with Colorado

Deion Sanders has signed a lucrative five-year contract extension with the University of Colorado worth $54 million, effectively ending speculation about his potential move to the NFL. The new deal nearly doubles his previous salary, making him one of the highest-paid coaches in college football, with his salary set to increase from $10 million to $12 million by 2029. Sanders has revitalized the Buffaloes program, leading them from a dismal 1-11 season in 2022 to a successful 9-4 finish in 2024 and generating excitement around the team. His contract approval by Colorado's Board of Regents signifies the university's commitment to building a competitive football program. Despite interest from the Dallas Cowboys for their head coaching vacancy, Sanders has expressed his intention to remain in college football, focusing on developing young athletes. His success, particularly with his son Shedeur and star player Travis Hunter, has positioned Colorado as a contender in the Big 12 and enhanced its national profile.