The 29-page contract calls for Sanders to make an average of $10.8 million per year and includes a slew of incentives and allowances.

Deion Sanders coached Colorado to a 9-3 regular season record in his second year in Boulder. On Friday, he said he was grateful for the university's continued belief in him.

Colorado and coach Deion Sanders have agreed on a contract extension through the 2029 season that puts Sanders into the $10 million club as one of the 10 highest-paid coaches in college football. The five-year deal worth $54 million total will put Sanders at $10 million for 2025-26,