Deion Sanders just received a five-year, $54 million contract extension from the Colorado Buffaloes, making him the fourth highest-paid coach in college football. While Sanders has had a successful coaching career,

Sanders will now be making $10 million, making him the highest-paid football coach in the Big 12 and among the top 10 highest-paid head football coaches in the country, the school said.

Sanders enters his third year at Colorado after spending the first three seasons of his collegiate coaching career at Jackson State. The Buffaloes improved to 9-4 in 2024 -- their first winning record in a full 12-game season since 2016 -- and pushed for an appearance in the Big 12 Championship Game with a 7-2 effort in conference play.