Colorado athletic director Rick George made a huge splash in getting Deion Sanders, but now he has to figure out to get the money to pay his new coach.
Over the weekend, Colorado named Sanders it’s next Head Coach. Sanders left Jackson State, where he was highly successful.
According to college football reporter Brian Howell, Sanders signed a 5-year contract for $29.5 million which comes out to an average of $5.9M per year.
Sanders’ contract also includes some steep penalties if he decides to leave early and take another job.
Colorado Head Coach Deion Sanders. Photo courtsey of AP Photo/David Zalubowsk