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Deion Sanders Owes $300,000 Contract Buyout to Jackson State, per Report

Deion Sanders is officially the new head coach for Colorado football after three years at Jackson State, but the decision comes at a cost for the former NFL star.

Nick Gray of the Mississippi Clarion-Ledger reports Sanders is contracted pay Jackson State a $300,000 buyout. In Sanders’s Jackson State contract, which was supposed to run through the 2024 season, Sanders agreed to pay half of his remaining salary if he left for a different job and if Ashley Robinson was still the athletic director at the school.

In the end, Sanders’s tenure at Jackson State was a huge success, as he led the program to a 27-5 record, including back-to-back Southwestern Athletic Conference titles and a 12-0 season this year.