The Colorado Board of Regents approved a new five-year, $54 million contract for Sanders that will pay him at least $10 million in every season through 2029. It makes him the highest-paid coach in the Big 12 and one of the highest-paid coaches in college football.

Sanders will now make $10 million in 2025 and 2026 before a raise to $11 million kicks in, in 2027 and 2028. In 2029, the final year of the extension, he’ll earn $12 million, according to Buffzone’s Brian Howell.