Financial Terms of Deion Sanders’s Colorado Contract Revealed

New Colorado soccer coach Deion Sanders is poised to earn $29.5 million over 5 years, not together with potential bonuses and incentives, in response to a Monday report from the Mississippi Clarion Ledger. The contract is the most important monetary bundle ever given to a CU soccer coach, athletic director Rick George informed the Denver Publish.

Sanders was launched as Colorado’s new soccer coach on Dec. 4, however the phrases of Sanders’s contract weren’t disclosed on the time as the small print have been nonetheless being finalized. 

Sanders’s contract stipulates that he’ll earn $5.5 million in his first season, which features a base wage of $500,000 plus $1.75 million for radio, tv and public appearances; $1.75 million for promotion and fundraising; and $1.5 million for “improvement of the student-athlete.”

By ’24, Sanders’s compensation will increase to $5.7 million, then to $5.9 million in ’25, $6.1 million in ’26 and $6.3 million in ’27. As well as, Sanders will obtain $5 million to assemble his assistant coaches and help workers.

In regard to buyout figures, Sanders would owe Colorado $15 million in liquidated damages if he have been to go away after one yr on the faculty. Sanders would owe $10 million if he left after yr two, $8 million after yr three and $5 million after years 4 or 5 of his contract with the varsity.

If Colorado buys out Sanders’s contract earlier than the top of the settlement, the varsity is on the hook for 75% of the remaining base and supplemental wage left on his contract.

A serious rebuilding challenge awaits Sanders and the Buffaloes, however a hefty contract for the previous Jackson State coach ensures that the job he’s enterprise is nicely price his time.