Sunday, August 30, 2026
The FOS App Launches September 1 Pre-save on the App Store Today

Colorado Coach Deion Sanders Owes Jackson State $300K For Leaving

  • For leaving Jackson State, he’ll have to cough up $300,000, according to USA Today.
  • Sanders likely won’t miss the money, given that he’ll make a reported $29.5 million with the Buffs.
Deion Sanders leads spring practice at Colorado.
Colorado Athletics

On Saturday night, Hall of Famer Deion Sanders led the Jackson State Tigers to a SWAC Championship. Then, he jumped on a plane to Colorado to become the school’s new head football coach.

For leaving Jackson State behind, he’ll have to cough up $300,000, according to USA Today. 

Sanders’ contract mandated him to pay a portion of his remaining salary if he left before 2024 — and if Ashley Robinson, the current athletic director, was still in his role.

Sanders likely won’t miss the money, given that he’ll make a reported $29.5 million with the Buffs over the next five years — for an average of $5.9 million a year. That’s about $2 million more than the school has ever paid for a football coach.

Reports suggest the hire has already piqued the interest of players in the transfer portal and donors willing to offer name, image, and likeness deals. 

College GameDay Means More to Schools Than a Saturday Morning Spotlight

Schools reap ‘immeasurable’ benefits when the ESPN bus rolls into town.
November 5, 2022

Perhaps that’s why Colorado athletic director Rick George told reporters the school doesn’t yet have the money to pay Sanders — but he isn’t “worried about that piece.”

At Jackson State, Sanders built a powerhouse program with top recruits including wide receiver Travis Hunter and his son, quarterback Shedeur Sanders (who will now follow his father to Colorado).

In addition to an undefeated record this season, Sanders helped usher in publicity that contributed to NIL deals for athletes and even a spot on ESPN’s “College GameDay.”

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Aug 29, 2026; Dublin, Co. Dublin, IRL; North Carolina Tar Heels head coach Bill Belichick stands on the sidleline against the TCU Horned Frogs in the first half at Aviva Stadium. Mandatory Credit: Laszlo Geczo-Imagn Images

UNC Overcomes Preseason Drama As Bill Belichick Earns Signature Win

UNC GM Michael Lombardi was placed on paid leave in July.
Jul 17, 2026; Charlotte, NC, USA; North Carolina head coach Bill Belichick talks with the media during interviews at Hilton Charlotte Uptown.

CFB Week 0 Opens With Bill Belichick Watch

Year 2 at UNC begins with less buzz and more baggage.
Dec 20, 2025; Oxford, MS, USA; Mississippi Rebels tight end Dae'Quan Wright (8) runs after the catch against the Tulane Green Wave during the first half of a game at Vaught-Hemingway Stadium

The Week That Broke College Football: Everything to Know

Football has been turned upside down as NFL players try to return.

Gov. Landry: SEC ‘Creating a Legal Mess’ Over Athlete Eligibility

“Don’t hate the player,” the Louisiana governor said. “Hate the game.”
podcast thumbnail mobile
Front Office Sports Today

A Conversation with Bengals Star Tee Higgins on Contract Negotiations, Turf & More

0:00

Featured Today

Deshaun Watson Has Done the Impossible: Unite Browns Fans

Watson was named the starter after complaining boos were “personal.”
August 23, 2026

Dan Snyder ‘Invisible’ in NFL Three Years After Commanders Sale

Snyder has had little to no contact with former NFL associates.
Soccer Football - Premier League - Arsenal v Burnley - Emirates Stadium, London, Britain - May 18, 2026 Arsenal's Kai Havertz scores their first goal past Burnley's Max Weiss
August 21, 2026

Why the Premier League’s Star-Power Shortage Doesn’t Matter

The world’s richest soccer league doesn’t rely on big stars to dominate.
August 12, 2026

Trendy Golf Hat Divide Is More Than a Fashion Fight

As golf has gotten trendier, so has the sport’s style.
Joey Spallina of the Maryland Whipsnakes
August 6, 2026

How Eye Black Became ‘War Paint’ on the Field

“You’re going into battle, doing something you only do on game days.”
Oct 8, 2025; Memphis, Tennessee, USA; Memphis Grizzlies forward Cedric Coward (23) drives to the basket as Boston Celtics guard RJ Luis Jr. (12) defends during the fourth quarter at FedExForum

College Basketball In Crosshairs of Pro-Athlete Eligibility Chaos

The Big 12, SEC, and ACC have extended bans to include basketball.
August 25, 2026

Ukrainian Player Leaves LSU After Kim Mulkey Signs Russian

LSU says Koval is withdrawing as a student, but transferring is tricky.
August 26, 2026

LSU, Players Gearing Up for Potential Battle With SEC

The SEC wants to block players who went pro from returning.
Sponsored

Kerri Walsh Jennings’s Playbook for the Future of Volleyball

The former gold medalist talks NCAA, the Olympics, & investing in volleyball.
Dec 20, 2025; Oxford, MS, USA; Mississippi Rebels tight end Dae'Quan Wright (8) runs after a catch as Tulane Green Wave linebacker Sam Howard (15) makes the tackle during the third quarter at Vaught-Hemingway Stadium
August 25, 2026

Big Ten, SEC Ban NFL Players From Returning

Other power conferences and the American are considering the same move.
August 21, 2026

Appeals Court Pauses Fifth Year of Eligibility Order

An appeals court has yet to make a final decision.
Nov 6, 2023; Tuscaloosa, Alabama, USA; Alabama guard Kai Spears (32) a walk on guard, takes a three late in the game at Coleman Coliseum. Mandatory Credit: Gary Cosby Jr.-USA TODAY Sports
August 21, 2026

New York Times Loses $9.25M Defamation Verdict to Ex-Alabama Player

The outlet called the inaccurate report “an honest mistake.”
LSU Tigers head football coach Lane Kiffin talking with Quarterback Husan Longstreet 8 at LSU Football practice. August 18, 2026.
August 21, 2026

College Football Landscape Fueled by New Off-Field Drama

Five major storylines are shaping college football’s new business landscape.