Deion Sanders contract buyout: Colorado HC's contract and salary structure explored

Deion Sanders and the Colorado Buffaloes had another forgettable weekend, as they were defeated for the fourth time in a row. 

Colorado's terrible record has cast serious doubt on Sanders' job security as the football program's head coach. 

Sanders signed the deal that keeps him in Colorado less than a year ago, and breaking it now will trigger a buyout clause.

Sanders' contract states that if he is fired before the conclusion of his contract, Colorado will pay him 75% of his remaining salary.

If, on the other hand, he decides to leave Colorado to take a job elsewhere, he will be obliged to pay the institution liquidated damages.

If Sanders retires after the 2023 season, the damages are set at $15 million.

If he leaves after the second season, his salary will be reduced to $10 million, and it will remain that way until the end of his five-year contract.

On December 3, 2022, Deion Sanders was named head coach of the Colorado Buffaloes football team. He committed to a five-year, $29.5 million contract. Aside from the $29.5 million in salaries, the contract includes a number of bonuses and performance-based incentives. 

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