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Colorado forecasts $27 million deficit after Deion Sanders pay raise, NIL payments

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Colorado forecasts  million deficit after Deion Sanders pay raise, NIL payments


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The University of Colorado’s athletic department is projecting that it will run a $27 million deficit during the current fiscal year ending in June 2026, in addition to needing $11.9 million in institutional support from the university and $2.2 million from student fees, according to budget figures obtained by USA TODAY Sports.

Those numbers are not final. The athletic department is hoping to bring that deficit down by the end of June with revenue from donations, sponsorships and concerts at Folsom Field. But it has never reported a deficit that big before, which could potentially leave the athletic department in need of more than $41 million in subsidies from the university, including the institutional support and student fees.

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It also comes at a critical time:

  • Athletic director Rick George announced recently he’s stepping down at the end of the fiscal year in June.
  • Colorado nearly doubled the pay of football coach Deion Sanders in March, giving him a new five-year contract worth more than $10 million annually. His team just finished 3-9 in 2025 as attendance started to wane after selling out his first season in 2023.
  • Like other major college sports programs, Colorado is committed to providing players with up to $20.5 million in annual benefits and direct payments under terms of the NCAA-House legal settlement. That cost is new this year, with the $20.5 million cap going up by 4% next year and the year after.

The latter two costs are the biggest reasons for the projected deficit — the $20.5 million for players and the $10 million per year for Sanders. Colorado previously told USA TODAY Sports in September it was “to be determined” how it would come up with the money to pay for those two big new costs.

Colorado says it won’t cut sports

The projected answer now is that it will run a deficit with the university as the potential backstop for funding.  Asked who would be paying for these expenses if not the university, spokesman Steve Hurlbert said, “The mechanics of that are still to be determined.”

The school said it will “not cut sports nor cut any resources for student-athletes” but will look to cut expenses.

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Hurlbert also stressed tuition money and state funds will not be used to address the deficit.

However, some observers who are familiar with Colorado’s budget expressed skepticism about that claim because money is fungible. The money the university provides to athletics also is discretionary.

“This notion that they’re spending resources that otherwise couldn’t be spent on putting more kids through college or funding cancer research is just absurd,” said Jack Kroll, a former member of the university’s Board of Regents. “There’s no truth to that whatsoever.”

‘The university will have to fill the gap’

The projected revenue for fiscal year 2026 is $136.7 million with $163.7 million in expenses. The biggest expense is football at $60.4 million. The department is still finalizing its numbers for fiscal year 2025, which ended in June 2025, but said it expects a “balanced” budget of $141 million in revenues and expenses for that year, including $24 million in institutional support revenue from the Boulder campus and the university’s president’s office.

Colorado isn’t the only school facing these challenges. In fiscal 2024, at least 33 athletic departments received at least $30 million in university support, including Colorado ($31.9 million), Houston ($38.4 million), Arizona State ($51.7 million) and South Florida ($63.7 million), according to public records collected by USA TODAY Sports in conjunction with the Knight-Newhouse College Athletics Database at Syracuse University.

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The House settlement added a potential new $20.5 million expense to their bills starting July 1, 2025.

At Colorado, last year the university projected a small but growing budget deficit for the campus starting in fiscal 2027. It even told faculty and staff to move forward by “being comfortable with being uncomfortable.” This has led to concerns about how football is paying for its big new expenses.

“With a lame-duck athletic director, a dismal football season, who-knows-what to happen with the (transfer) portal, donor fatigue, the distancing of football leadership from football alums — the prospects for making much of a dent in that deficit seem very slim,” said Roger Pielke, an emeritus professor at Colorado who previously taught sports governance in the CU athletics department. “That would mean that the university will have to fill the gap.”

Follow reporter Brent Schrotenboer @Schrotenboer. Email: bschrotenb@usatoday.com



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Warm storm delivers modest totals to Colorado’s northern mountains

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Warm storm delivers modest totals to Colorado’s northern mountains


Arapahoe Basin Ski Area recorded 8.5 inches of snow through Friday morning.
Lucas Herbert/Arapahoe Basin Ski Area

Friday morning wrapped up a warm storm across Colorado’s northern and central mountains, bringing totals of up to 10 inches of snowfall for several resorts.

Higher elevation areas of the northern mountains — particularly those in and near Summit County and closer to the Continental Divide — received the most amount of snow, with Copper, Winter Park and Breckenridge mountains seeing among the highest totals.

Meanwhile, lower base areas and valleys received rain and cloudy skies, thanks to a warmer storm with a snow line of roughly 9,000 feet.



Earlier this week, OpenSnow meteorologists predicted the storm’s snow totals would be around 5-10 inches, closely matching actual totals for the northern mountains. The central mountains all saw less than 5 inches of snow.

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Here’s how much snow fell between Wednesday through Friday morning for some Western Slope mountains, according to a Friday report from OpenSnow:



Aspen Mountain: 0.5 inches

Snowmass: 0.5 inches

Copper Mountain: 10 inches

Winter Park: 9 inches

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Breckenridge Ski Resort: 9 inches

Arapahoe Basin Ski Area: 8.5 inches

Keystone Resort: 8 inches

Loveland Ski Area: 7 inches

Vail Mountain: 7 inches

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Steamboat Resort: 6 inches

Beaver Creek: 6 inches

Irwin: 4.5 inches

Cooper Mountain: 4 inches

Sunlight: 0.5 inches

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Friday and Saturday will be dry, while Sunday will bring northern showers. The next storms are forecast to be around March 3-4 and March 6-7, both favoring the northern mountains.





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Avalanche discipline, power play falters, Central Division lead shrinks in 5-2 loss to Wild

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Avalanche discipline, power play falters, Central Division lead shrinks in 5-2 loss to Wild


The Colorado Avalanche had a chance Thursday night to regain some real separation between them and the Minnesota Wild.

It didn’t happen, and special teams were again an issue.

Minnesota’s Joel Eriksson Ek scored a pair of power-play goals, while the Avalanche took too many penalties and did not convert its chances with the extra man in a 5-2 loss at Ball Arena. The Wild scored on two of six power plays, both in the second period, then added a shorthanded goal into an empty net for good measure.

“We took six (penalties). Six is too many, especially against a power play like theirs,” Avs coach Jared Bednar said. “We had a slow start to the second and then just kind of started getting going, then took a bunch of penalties and kind of took the momentum away and swung it back in their favor again.”

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Mackenzie Blackwood was excellent early in this contest and stopped 31 of 34 shots for the Avs in his first start since the Olympic break. Colorado, which went 0-for-3 on the power play, has not scored an extra-man goal in back-to-back games since Dec. 31 and Jan. 3. The Avs are 2-for-31 with the man advantage since Jan. 16, and at 15.1% are last in the NHL.

The Wild are now just five points behind the Avs in the Central Division, though Colorado has two games in hand. Filip Gustavsson made 44 saves for the visitors.

“I think we crated enough chances to win the hockey game,” Bednar said. “We give up the (second power-play goal) and that’s the difference in the hockey game for me. We had a chance (on the power play) … we score and it’s a tie game. We haven’t had an easy time capitalizing on some of our chances that we created in the last month.

“I’d like to see that turn around a little bit.”

Minnesota took advantage of three penalties on Colorado in a span of 53 seconds to take the lead with 2:23 left in the second period. Captain Gabe Landeskog was sent to the box for elbowing Eriksson Ek away from the play at 14:15 and Valeri Nichushkin was called for cross-checking at 15:04.

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That gave the Wild a 5-on-3, but it went from bad to worse in a hurry for the home side. Brock Nelson won the 3-on-5 in his own end, but Brent Burns’ backhanded attempt to clear the puck out of the zone went into the stands for a delay of game.

Minnesota had a 5-on-3 for 1:56, which Colorado successfully killed off, but because Burns’ two minutes didn’t start until Landeskog’s penalty ended, there was more 5-on-4 time and Eriksson Ek scored his second of the night. The Swedish Olympian was trying to send a cross-crease pass to Kirill Kaprizov, but it hit the inside of Blackwood’s right leg and pinballed across the goal line.

Because of the extended penalty time, both Eriksson Ek and Boldy officially logged a shift of more than four minutes, leading to that goal.

“I’m not a big fan of the penalties we took, necessarily,” Landeskog said. “Obviously, mine is a penalty. Val, I felt like he was protecting himself and Burns, that’s a penalty. There’s nothing to argue about there. But yeah, that tilts the ice for sure and just gives them unnecessary momentum.

“So yeah, undisciplined and we’ve got to be better there for sure.”

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Eriksson Ek put Minnesota in front at 7:48 of the second period. Cale Makar was called for slashing when his one-handed swipe while Yakov Trenin was attempting to shoot from the left wing. Trenin’s stick broke, so Makar went to the box.

Blackwood made the initial save on Matt Boldy’s shot from the high slot, but Eriksson Ek was there near the left post to clean up the rebound.



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Firefighters stop spread of wildfire in Colorado’s Golden Gate Canyon

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Firefighters stop spread of wildfire in Colorado’s Golden Gate Canyon



Late Thursday morning, a house fire spreading into the nearby woods in Colorado’s Golden Gate Canyon prompted officials to issue a pre-evacuation order to nearby residents. Firefighters have since brought the blaze under control.

According to the Jefferson County Sheriff’s Office, a house fire broke out around 11:30 a.m. in the 10600 block of Ralston Creek Road in Golden Gate Canyon, located around 25 miles west of Denver. The fire then began to spread into the nearby trees and grass.

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Jefferson County Sheriff’s Office


Multiple fire units quickly responded to the scene, and the JCSO issued a pre-evacuation notice to all residents within a three-mile radius, warning them to be prepared to leave at a moment’s notice.

At 12:34 p.m., the sheriff’s office announced that the fire is no longer spreading and the burn area has been contained to less than an acre. A photo shared by JCSO shows a structure nearly completely destroyed by the fire.

Pre-evacuation orders were lifted around 1 p.m.

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