Colorado AD Admits ‘We Don’t Have the Money Yet’ for Deion Sanders’s Contract

Colorado AD Admits ‘We Don’t Have the Money Yet’ for Deion Sanders’s Contract

Colorado athletic Director Rick George may have hit the proverbial homerun this weekend as he hired Deion Sands to be the school’s next football coach. However, it came at a cost the school could not afford.

Sanders’s deal with Colorado is for five years, $29.5 million, which is an average of $5.9 million per year, per Brian Howell of Buffzone. Sanders will make $5.5 million in year one, and will earn $200,000 raises each year over the life of the contract. The salary of Sanders is far higher than that of Karl Dorrell, who was paid $3.6million this season. Dorrell’s $3.6 million was the highest amount Colorado has ever paid a head coach.

How will George and Colorado pay the new contract for Sanders? This is the most lucrative deal in the history o the football program’s football program.

“We don’t have the money yet but I know we’ll have it so that I’m not worried about this piece,” George replied to questions about Sanders’s contract. While George was hesitant to disclose the school’s payment method for Sanders, it seems like there is funding available that will be made available soon.

Sanders went 27-5 in his three seasons at Jackson State at the FCS level, which was his first collegiate coaching position. The Tigers will play in the Celebration Bowl against North Carolina Central on Dec. 17 in Atlanta, and Sanders confirmed that he will coach the bowl for Jackson State in his final game with the school.

His unquestioned success at Jackson State set him up for an FBS job in the Pac-12, and of course, a big pay day.

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