Colorado
Colorado forecasts $27 million deficit after Deion Sanders pay raise, NIL payments
What does Deion Sanders’ raise mean for him and Colorado?
Deion Sanders’ $10M salary signals major investment from Colorado—but how will the school fund rising athletic costs?
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.
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.
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.
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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Colorado
Julian Lewis Says Deion Sanders’ Colorado ‘Wasn’t Really Looking at Defenses Much’ Last Season
Colorado quarterback Julian Lewis made a stunning admission that could explain the team’s 3-9 finish to the 2025 season.
While speaking to ESPNU at Big 12 media days, Lewis was asked what the biggest difference was between last year and this year, and he revealed that the Deion Sanders-coached Buffaloes typically didn’t watch film during his first season with the team.
“My play, I’m actually looking at the defenses now,” Lewis said. “Last year, we wasn’t really looking at defenses much, just kind of high school free-balling, just out there playing football. But it’s a lot bigger than that now, so it should be fun.”
Before taking a redshirt year, Lewis played in four games as a true freshman with two starts and threw for 589 yards, four touchdowns and no interceptions while completing 55.3 percent of his passes. He should fare even better this season with the benefit of film study.
Lewis will enter the 2026 campaign as Colorado’s starting quarterback, so he will have the opportunity to show his improvements when the Buffaloes open the year against Georgia Tech on Sept. 3.
State and federal agencies are starting to reopen public lands, state wildlife areas and a segment of the Colorado River that were closed in light of the Snyder Fire in Mesa County.
Stage 2 fire restrictions — banning all open fire or flames, including charcoal grills and wood-burning stoves — remain in effect as extreme fire danger, spurred on by hot and dry conditions, persists across the region.
The Snyder Fire started on Friday, June 26, when several smaller fires burning on the Colorado-Utah border combined. As of July 7, the fire was 98% contained after burning over 30,200 acres and killing three wildland firefighters.
With fire activity decreasing and containment increasing, Colorado Parks and Wildlife and the Bureau of Land Management shared their plans Tuesday to reopen lands impacted by the wildfire.
Parks and Wildlife said in a news release that it, alongside the Bureau of Land Management, had lifted the closure for public access and downstream recreation on the Colorado River, starting at the James M. Robb-Colorado River State Park in Fruita and extending to the Utah state line. It also reopened the boat ramp at the Fruita section of the James M. Robb-Colorado River State Park in Fruita to downstream traffic.
The state agency’s Horsethief State Wildlife Area in Fruita and the Loma Boat Launch State Wildlife Area also reopened.
The BLM said in a news release that all lands within the perimeter of the Snyder Fire burn area remain closed to ensure public and firefighter safety.
“The burned landscape — including vegetation — remains dynamic and unpredictable as it naturally recovers from the fire impacts. This order is effective immediately and will remain in effect until the order is rescinded,” the BLM said.
Both agencies also warned that fire danger remains extremely elevated and Stage 2 fire restrictions are in place.
A map of current federal and state fire restrictions is available on the Rocky Mountain Area Interagency Fire Restriction Dashboard or by visiting DFPC.Colorado.Gov/sections/wildfire-information-center. The Colorado Trails Explorer (or COTREX) app also has wildfire closure alerts.
Under current conditions, Parks and Wildlife advised the following actions to prevent sparking wildfires:
- Use established rings: Where permitted, only build campfires inside permanent metal fire rings in designated campgrounds.
- Clear nearby debris: Remove all dry grass, leaves and pine needles within a 10-foot radius of any flame.
- Drown and stir: Extinguish fires completely with water, stir the ashes, and ensure the debris is cold to the touch.
- Watch campfires constantly: Never leave a fire or portable stove unattended. If you see an unattended fire, call 911.
- Keep vehicles off brush: Avoid parking or idling cars on tall, dry grass where hot exhaust systems can ignite a fire.
- Secure towing equipment: Ensure trailer safety chains do not drag and spark against asphalt. Check them at every stop.
The BLM added that under its Stage 2 restrictions, smoking is prohibited except in an enclosed vehicle or building, a developed recreation site, or while stopped in an area at least three feet in diameter that is barren or cleared of all flammable materials.
Gas-powered stoves or grills with a shut-off valve are still allowed in cleared areas under this stage.
Violating Stage 2 fire restrictions by lighting a campfire is a Class 2 misdemeanor. Violators face an immediate citation, a mandatory court appearance, steep fines and potential jail time. Additionally, you can be held financially liable for all fire suppression costs and property damage if the campfire sparks a wildfire.
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