Per CBS Sports' John Talty, Sanders is tied with North Carolina's Bill Belichick as the eighth-highest-paid head coach in college football in 2025 with a salary of $10 million. Here is a full rundown of the 10 highest-paid coaches in terms of their 2025 salary:

The University of Colorado has approved a new five-year contract for coach Deion Sanders that will nearly double his annual pay to $10 million and more through 2029, making him one of the nation’s highest-paid coaches.

Coach Prime is staying with Colorado for the time being. The school announced on Friday that it signed Deion Sanders to a five-year, $54 million contract extension. The lightning-rod head coach is now signed through the 2029 season as one of the highest-paid coaches in college football.